Stock Market Today: Nifty50 and BSE Sensex, Indian Equity Benchmark index was opened in Red on Tuesday. While Nifty50 went below 25,000, BSE Sensex was trading below 81,800. At 9:16 am, nifty50 at 24,889.55, 112 points or 0.45%was below. BSE Sensex was 81,794.79, 382 points or 0.46%.Market analysts continued to move upwards in Indian markets, supported by strong domestic basic things and favorable global market conditions.The main investment strategist of Geojit Investments Limited VK Vijaykumar says, “The market is likely to be consolidated around the existing levels in the near period. Since mutual funds are sitting on large cash, there will be bought in any dip and trigger sales on high evaluation rallies. A continuous rally will take place only when major indicators suggest revival in increase in income. He is some time away.“An important trend in the market is now a slow accumulation in the rate sensory -like rate sensory in anticipation of higher rate cuts, which is almost certain since the trending of inflation. An important feature of SIP flow during this phase of the market is that investors are investing longer than the past. It will provide support to the market.”Asian markets on Tuesday opened carefully as traders waited for new growth in trade that could affect the spirit of American property.The dollar was weak on Tuesday as investors expressed concern over widespread taxes and spending and affected its potential impact on the US debt structure, the spirit of America-based assets.Gold prices rose on Tuesday due to a dollar fall and concerned about the American fiscal situation. The traders waited for additional information about the business policies after the traders decided to delay tariffs employed on European products.Foreign portfolio investors on Friday bought shares worth Rs 136 crore, while domestic institutional investors acquired a net of Rs 1746 crore.FIS’s pure short status in futures trading declined from Rs 54,197 crore to Rs 51,312 crore on Monday.(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)
