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Stock Market Today: Nifty 50 above 24,600; BSE Sensex 100 points

Market experts estimate continuous consolidation, influenced by global trends and economic indicators. (AI image)

Stock Market Today: Nifty50 and BSE Sensex, Indian Equity Benchmark Index, opened in Green on Thursday. While Nifty50 was above 24,600, BSE Sensex was 100 points up. At 9:21 am, Nifty50 at 24,632.55, was trading up to 12 points or 0.050%. BSE Sensex was 81,037.41, 39 points or 0.048%.Market experts influenced by global trends and economic indicators, estimate constant consolidation, while individual stocks can see movement based on sector-specific development.The strategist VK Vijaykumar, the main investment strategist of Geojit Investments Limited, says, “Both geopolitical and economic news are likely to weigh the markets in the near period. A serious concern is a possible Russian vengeance for recent Ukraine attacks on Russian aircraft. How serious it will be and what will be its results are now unknown factors. ,“The major economic news is a sharp decline in the US ISM PMI data. It indicates that the US economy is declining rapidly. The US 10-year-old bond yield has declined by 4.36 % and, the US economy is likely to slow down, it is a low trend. It is a low trend. It will be good for a spike like India for a medium term, but the spike will still be purchased for the current range. On June 8, priority will be given to the rate sensory in view of the reduction in the required rate by MPC. ,US markets showed mixed results on Wednesday. The S&P 500 was flat, while the Nasdaq composite increased slightly and the Dow Jones Industrial Average declined after poor economic data highlighting the impact of Trump’s trade policies.Gold prices increased on Thursday after America became disappointing Economic data that extended the appeal of safe-hobbon investment, while traders evaluated the ongoing global economic and political uncertainties.Oil prices have declined at the beginning of Thursday, which has declined the price of raw raw for American gasoline and diesel stockpiles and Saudi Arabia in July.Foreign portfolio investors on Wednesday sold shares worth Rs 1,076 crore, while domestic institutional investors bought a net of Rs 2,567 crore.The net short status of foreign institutional investors in Futures Market decreased from Rs 1.04 lakh crore to Rs 1.02 lakh crore on Wednesday.(Disclaimer: Recommendations and views on stock markets and other asset classes given by experts are their own. These opinions do not represent the views of Times of India)

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