Stock Market Today: BSE Sensex above 300 points; Nifty50 above 24,100

Stock Market Today: Indian Equity Benchmark Indis, BSE Sensex and Nifty 50 were opened in Green on Monday. While BSE Sensex moved above 79,600, Nifty50 crossed 24,150. At 9:20 am, BSE Sensex was trading up to 370 points or 0.47%at 79,582.96. Nifty50 was up to 24,131.35, 92 points or 0.38%.
In this small trading week with the beginning of the month, auto sales figures will focus a significant focus to traders. Market Watchrs will analyze IIP data and HSBC manufacturing PMI final figures. The India-Pakistan situation also remains important for the market spirit.
The main investment strategist of Geojit Investments Limited, Dr. VK Vijaykumar says, “Increased uncertainty related to Indo-Pak tension will be weighed on the markets. It is very difficult to assess how much discount the market has given. With the flexibility of the market, it can be said that the market has not exempted a scenario of stresses ending in the war between the two countries. It is important to remember that markets have a supernatural ability to climb several walls of concerns.The major factor contributing to the flexibility of the market is a continuous purchase by FII, which is an amount of Rs 32465 crore in the last eight days. FII has replaced continuous buyers in the dramatic reversal of its continuous sales strategy. This, in turn, is due to a relative under American shares, American bonds and dollar performances. FIIs can continue to provide assistance to the FII market in an environment of US economy and depreciation of the dollar. ,
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American Equities Advanced on Friday, enter weekly benefits as investors evaluated corporate results and monitored potential reforms in US-China trade relations.
The Asian shares went carefully to open as the markets monitor the US trade talks with the region and wait for possible excitement measures from China.
Gold prices decreased on Monday due to improvement in US-China trade relations and strengthening the dollar pressing on rates.
The dollar remained stable on Monday as the market participants wait for economic data release this week, indicating the impact of US President Donald Trump’s trade policies.
Oil prices showed a slight advantage in Monday’s trading, with uncertainty around the US-China business discussions affect the development outlook and demand. OPEC+ supply worries added pressure.
Foreign portfolio investors on Friday purified Rs 2,952 crore. Domestic institutional investors removed shares worth Rs 3,539 crore.
FIIS’s pure miniature status declined from Rs 24,480 crore on Thursday to Rs 35,226 crore on Friday.