Indian Equity Benchmarks Open Strong

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday, marking a positive start to the month's trading. Nifty50 surged over 100 points to cross the 24,400 mark, while BSE Sensex climbed above 80,600.

Market Performance at a Glance

At 9:19 AM, Nifty50 was trading at 24,424.00, up 90 points or 0.37%. BSE Sensex was at 80,679.58, up 437 points or 0.55%.

Expert Insights on Market Trends

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlighted the market's resilience, driven by sustained FII buying. "After the sharp market correction triggered by Trump’s reciprocal tariffs and the Pahalgam terror strikes, April has closed with above 4% gains in Nifty," he said.

Global Market Influence

US equities moved higher, with Dow and S&P 500 achieving their eighth consecutive positive session, supported by robust performance from technology giants. Asian equities showed modest gains, and gold prices were heading towards their largest weekly decline in over two months.

Investment Strategy

Given the current high valuations and geopolitical tensions, Vijayakumar advises investors to increase the cash component in their portfolios while remaining invested.