Market Opens in Green Amid Cautious Optimism

Today, the Indian equity benchmark indices, Nifty50 and BSE Sensex, opened higher, with Nifty50 crossing the 24,600 mark and BSE Sensex gaining over 150 points. By 9:18 AM, Nifty50 was trading at 24,627.85, up by 63 points or 0.25%, while BSE Sensex stood at 80,771.61, up by 172 points or 0.21%.

Expert Advice: Proceed with Caution

Market experts advise maintaining protective positions due to the current downward outlook. They suggest waiting for definitive reversal indicators before making significant moves. Individual stock movements are expected to continue as more companies release their quarterly results.

Global Influences and Future Predictions

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, highlights the uncertainty in the market. He points to the upcoming US-India trade deal negotiations as a potential turning point. Meanwhile, global markets are reacting to US employment data and speculation about Federal Reserve rate cuts.

Asian equities have been declining, and US stocks fell sharply after new tariffs and a disappointing jobs report. Gold and oil prices are also adjusting in response to these global economic signals.

Investment Trends

Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers on Friday, indicating mixed sentiments in the market.

Disclaimer: The views and recommendations provided by experts are their own and do not represent the views of The Times of India.