Market Opens Strong

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Wednesday. Nifty50 was above 24,600, while BSE Sensex crossed 81,300. At 9:16 AM, Nifty50 was trading at 24,621.50, up 43 points or 0.18%. BSE Sensex was at 81,337.54, up 189 points or 0.23%.

Market watchers continue to monitor geopolitical developments, institutional investment patterns, and forthcoming economic indicators.

Global Influences

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, commented on the global markets' state of flux, highlighting the impact of US-China trade relations and the potential shift in FII fund flows to India. The sharp dip in April CPI inflation to 3.16% leaves room for the MPC to cut rates, positively affecting the market.

US and Asian Markets

US markets showed positive movement, with the S&P 500 and Nasdaq advancing for a second consecutive session. Asian equities displayed varied movements, with investors awaiting direction amidst easing trade tensions and lower-than-expected US inflation data.

Commodities and Investments

Oil prices maintained near two-week peaks, supported by the US-China agreement. Gold prices decreased as trade tensions reduced safe-haven appeal. FPIs and DIIs showed net purchases, indicating a resilient market.