Stock market today: Nifty50 opens above 26,100; BSE Sensex up 100 points – The Times of India

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in the green on Monday following positive global cues. While Nifty50 was above 26,100, BSE Sensex rose around 100 points. At 9:16 am, Nifty50 was trading at 26,101.20, up 33 points or 0.13%. BSE Sensex stood at 85,317.62, up 86 points or 0.10%.Market experts expect stability this week, supported by value buying, positive demand prospects for the third quarter and steady investment flows. The progress of trade negotiations between India and the US could significantly impact the direction of the market in the near term.Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited said, “Earlier attempts by the Nifty and Sensex to break the September 2024 record were unsuccessful as the rally lost steam on FII selling and the expected US-India trade deal did not materialise. There was also no clarity on earnings growth for FY27. Now things are slowly changing in favor of a rally towards a new record.” “The key catalyst for the rally will come from strong earnings growth. FY27 earnings growth is likely to be above 15%. This is strong fundamental support. A US-India trade deal could happen at any time. The weakness in AI trading will push FIIs to become buyers in India. Investors should focus on largecaps and high-quality midcaps with high growth potential. Smallcaps in general are still overvalued.”U.S. stocks posted significant gains on Friday as investors increased their bets on a Federal Reserve rate cut next month, despite all three major indexes ending the week lower on concerns about high-tech valuations. Nvidia shares briefly rose after reports suggested the Trump administration may approve the sale of H200 artificial intelligence chips to China.Asian stocks and U.S. stock index futures rose after a week of swings as confidence grew over possible interest rate cuts by the Federal Reserve and possible U.S. approval for Nvidia Corp.’s sale of AI chips. to China.Foreign portfolio investors sold net shares worth Rs 1,766 crore on Friday. Domestic institutional investors were net buyers at Rs 3,162 crore.

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