Stock Market Today: Nifty50 and BSE Sensex, Indian Equity Benchmark index opened in Green on Wednesday. While Nifty50 was above 25,100, BSE Sensex was about 100 points. At 9:19 am, nifty50 at 25,128.85, was trading up to 25 points or 0.098%. BSE Sensex was up to 82,480.46, 89 points or 0.11%.Market experts estimated consolidation with a positive attitude in the near period.The main investment strategist of Geojit Investments Limited VK Vijaykumar says, “The market is likely to continue in the consolidation range with a slightly upward bias. A clear breakout above the Nifty 25100 level, and to maintain above this level, will require large purchases. This can be on positive news about the American-China business deal. The reports of the two countries reaching an agreement to implement geneva consensus are positive. China is effectively playing its ‘rare earth mineral card’. How does this trade deal develop between two global economic giants. , “The market will respond to the news about business talks in the near period. If there is a clear agreement, the market will react positively and the Nifty is highly probable to break up above 25100 and remain above this level. Liquidity will support a mild rally.,The US stock indices on Tuesday ended positively, leading the benefits with Tesla as investors showed optimism about American-China trade talks aimed at resolving tariff controversies affecting global markets throughout the year.According to Commerce Secretary Howard Lutnik, the Asian Equities are ready to track the benefit of the US market as a trade talks between the US and China, who progress positively, who said that they were in fact, really going well. “The dollar remained stable against primary currencies on Wednesday, following the US-China agreement on a trade structure, increasing hopes to resolve trade disputes among the world’s largest economies.Gold prices rose on Wednesday, benefited from uncertainties around a weak dollar and the US-China trade deal, while traders wait for the data of important American inflation for market guidance.Oil prices declined in early Wednesday as participants evaluated the US-China trade discussions, pending the review of President Trump, affecting the market spirit due to the weakness of Chinese demand and an increase in OPEC+ production.FPIS on Tuesday bought shares worth Rs 2,302 crore. DIIS recorded a net purchase of Rs 1113 crore.The FII pure short situation in futures declined from Rs 95,872 crore on Monday to Rs 93,024 crore on Tuesday.(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)
