Stock Market Today: Indian Equity Benchmark Index, Nifty 50 and BSE Sensx launched a trade on a tempering note on Thursday. While Nifty50 was near 24,650, BSE Sensex was below 81,300. At 9:16 am, Nifty50 at 24,654.25, was trading below 13 points or 0.051%.BSE Sensex was 81,295.03, 36 points or 0.044%.Market experts have estimated positive trends in Indian markets, which are supported by strengthening low geopolitical risks, development in trade deals, and macroeconomic indicators.VK Vijaykumar, the main investment strategist, Geoget Investments Limited says, “The market is growing for a close-term consolidation phase with middle and smallcaps. Constant strong FII purchases picked up largekap, which is likely to weaken in a new context of the emerging trade deal between the US and China. Possibility of selling India; Buy China’s strategic FII trade can no longer be rejected.Despite the concerns of the evaluation, largacaps will weigh and strengthen the case for further rally in the middle and smallcap.“Defense stocks are again shopping again after appreciating the performance of the Made in India Defense Weapons. The medium of long -term possibilities of defense companies, especially exporters who look bright. However, the evaluation of these shares is high and therefore, investors have to be alert.”The US markets showed mixed results, as S&P 500 recorded a minor advantage during Wednesday’s subordinates. Investors were cautious while waiting for new economic data after optimism before inflation figures and improved American-China trade relations.The Asian markets retreated on Thursday, broke the four-century winning streak, as the US-China trade discussions reduced enthusiasm.Oil prices fell around $ 1 during early Thursday’s early trade, affected by the discussion about the United States-Iran nuclear deal. Additionally, the unexpected increase in American raw stockpiles last week expressed concern about the surplus supply.Gold prices rose slightly on Thursday as traders reduced low prices after the last session was reduced by one month. Market participants are awaiting data from the American productive price index for clear economic indicators.Foreign portfolio investors on Wednesday bought shares worth Rs 932 crore. Domestic institutional investors were pure buyers for Rs 316 crore.The status of foreign institutional investors in futures trading decreased by Rs 36,500 crore on Tuesday to Rs 34000 crore.(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)
