Stock market today : Nifty50 and BSE Sensex , the Indian equity benchmark indices, opened flat in trade on Friday. While Nifty50 was near 24,850, BSE Sensex was down around 100 points in opening trade. At 9:22 AM, Nifty50 was trading at 24,835.00, ip 1 point or 0.0056%. BSE Sensex was at 81,583.82, down 49 points or 0.060%.
Market experts anticipate range-bound trading ahead, with sectoral shifts and individual stock movements influenced by the concluding Q4 results on Friday, economic indicators, and US tariff-related developments.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Stable institutional flows- both FII and DII - are keeping the market steady even in the absence of positive triggers. The ongoing consolidation phase is likely to continue in the near-term. Investors should understand two distinct big trends that will weigh on markets: One, India’s macros are strong and improving. Two, this positive trend in macros is not getting reflected in corporate earnings. This is the fundamental reason for the range bound movement of the market. FY25 Nifty earnings growth was a pedestrian 5.5% and the projection for FY26 is around 10%.”
“Valuation multiple of 21 for 10% earnings growth is certainly on the higher side. This will cap the upside to the Nifty until leading indicators suggest a recovery in earnings growth. At the same time, steadily improving macros like resilient GDP growth, down trending inflation and interest rates and declining fiscal and current account deficits lay the foundation for a strong economy and earnings recovery in the medium term. Investors should remain invested and buy quality stocks on dips."
US markets finished higher on Thursday, with Nvidia shares advancing post quarterly results. Traders also responded to a late-afternoon judicial decision reinstating President Donald Trump's comprehensive tariffs.
Asian equities were poised to decline as market participants reduced optimism amidst legal ambiguities surrounding President Donald Trump's trade policies and US economic deceleration.
Foreign portfolio investors purchased shares worth Rs 884 crore net on Thursday. Domestic institutional investors were also net purchasers, acquiring Rs 4,286 crore worth of shares.
FIIs' net short position in futures decreased from Rs 78,987 crore on Wednesday to Rs 77,963 crore on Thursday.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Market experts anticipate range-bound trading ahead, with sectoral shifts and individual stock movements influenced by the concluding Q4 results on Friday, economic indicators, and US tariff-related developments.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Stable institutional flows- both FII and DII - are keeping the market steady even in the absence of positive triggers. The ongoing consolidation phase is likely to continue in the near-term. Investors should understand two distinct big trends that will weigh on markets: One, India’s macros are strong and improving. Two, this positive trend in macros is not getting reflected in corporate earnings. This is the fundamental reason for the range bound movement of the market. FY25 Nifty earnings growth was a pedestrian 5.5% and the projection for FY26 is around 10%.”
“Valuation multiple of 21 for 10% earnings growth is certainly on the higher side. This will cap the upside to the Nifty until leading indicators suggest a recovery in earnings growth. At the same time, steadily improving macros like resilient GDP growth, down trending inflation and interest rates and declining fiscal and current account deficits lay the foundation for a strong economy and earnings recovery in the medium term. Investors should remain invested and buy quality stocks on dips."
US markets finished higher on Thursday, with Nvidia shares advancing post quarterly results. Traders also responded to a late-afternoon judicial decision reinstating President Donald Trump's comprehensive tariffs.
Asian equities were poised to decline as market participants reduced optimism amidst legal ambiguities surrounding President Donald Trump's trade policies and US economic deceleration.
Foreign portfolio investors purchased shares worth Rs 884 crore net on Thursday. Domestic institutional investors were also net purchasers, acquiring Rs 4,286 crore worth of shares.
FIIs' net short position in futures decreased from Rs 78,987 crore on Wednesday to Rs 77,963 crore on Thursday.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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