Market Opens with Minimal Movement

Today, the Indian equity benchmark indices, Nifty50 and BSE Sensex, opened flat with Nifty50 near 24,700 and BSE Sensex hovering around 80,900. At 9:19 AM, Nifty50 was trading at 24,690.05, up by 9 points or 0.037%, while BSE Sensex was at 80,885.66, down by 5 points or 0.0066%.

Market experts anticipate continued pressure due to varied Q1 results, ongoing FII outflows, and stalled progress in India-US trade negotiations as the deadline approaches.

Expert Insights on Market Pressures

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlights the challenges facing the market. "There are more headwinds than tailwinds for the market now," he says, pointing to the unresolved India-US trade deal and potential tariffs affecting global trade.

Global Market Trends

While the S&P 500 and Nasdaq reached new highs, Asian equities faced downward pressure. Gold prices declined, and oil prices rose, reflecting the dynamic global trade environment.

Foreign portfolio investors sold shares worth Rs 6,082 crore, whereas domestic institutional investors purchased shares worth Rs 6,765 crore.

Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.