Stock market today : Nifty50 and BSE Sensex , the Indian equity benchmark indices, rallied strongly in opening trade on India-Pakistan ceasefire and US-China trade deal progress. Both indices rallied over 2% cheered by domestic stability and favourable global news. While Nifty50 went above 24,700, BSE Sensex crossed 81,800 mark. At 10:05 AM, Nifty50 was trading at 24,700.10, up 692 points or 2.88%. BSE Sensex was at 81,692.50, up 2,238 points or 2.82%.
Indian equity markets closed lower in the previous week due to India-Pakistan tensions. However, the declaration of a ceasefire is likely to reduce investor concerns, with market experts predicting an optimistic new week.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, "The ceasefire between India and Pakistan has paved the way for a sharp rally in the market. The prime mover of the rally will be the FII buying which has been sustained for sixteen continuous days except last Friday when the conflict escalated. Domestic macros like expectations of high GDP growth and revival of earnings growth in FY26 and declining inflation and interest rates augur well for the resumption of a rally in the market. FIIs favour large caps like ICICI Bank, HDFC Bank, Bajaj Finance, RIL, L&T, Bharti, Ultratech, M&M and Eicher are likely to lead the rally. Midcap IT and digital stocks are other segments to watch. Pharma stocks may come under near-term pressure from President Trump’s latest announcement regarding reducing prices of drugs in the US."
"There are rumors of an impending US deal with China on trade but details are yet to come. If a deal materializes that would be good for the global economy. But from an Indian perspective that would be slightly disappointing since we were expecting a trade deal with the US ahead of many nations including China."
Asian equities and US index futures advanced alongside a stronger dollar, following "substantial progress" in China-US trade negotiations, boosting risk appetite.
Gold prices decreased on Monday as positive developments in US-China trade discussions reduced market uncertainty and lowered safe-haven demand.
Oil prices strengthened on Monday following encouraging reports from US-China trade discussions, improving outlook for the world's largest oil consumers.
The dollar strengthened during early Asian trading on Monday, supported by progress in US-China trade talks and cooling global tensions.
Foreign portfolio investors executed net sales amounting to Rs 3,798 crore during Friday's trading session. In contrast, domestic institutional investors demonstrated positive sentiment with net purchases totalling Rs 7,278 crore.
Indian equity markets closed lower in the previous week due to India-Pakistan tensions. However, the declaration of a ceasefire is likely to reduce investor concerns, with market experts predicting an optimistic new week.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, "The ceasefire between India and Pakistan has paved the way for a sharp rally in the market. The prime mover of the rally will be the FII buying which has been sustained for sixteen continuous days except last Friday when the conflict escalated. Domestic macros like expectations of high GDP growth and revival of earnings growth in FY26 and declining inflation and interest rates augur well for the resumption of a rally in the market. FIIs favour large caps like ICICI Bank, HDFC Bank, Bajaj Finance, RIL, L&T, Bharti, Ultratech, M&M and Eicher are likely to lead the rally. Midcap IT and digital stocks are other segments to watch. Pharma stocks may come under near-term pressure from President Trump’s latest announcement regarding reducing prices of drugs in the US."
"There are rumors of an impending US deal with China on trade but details are yet to come. If a deal materializes that would be good for the global economy. But from an Indian perspective that would be slightly disappointing since we were expecting a trade deal with the US ahead of many nations including China."
Asian equities and US index futures advanced alongside a stronger dollar, following "substantial progress" in China-US trade negotiations, boosting risk appetite.
Gold prices decreased on Monday as positive developments in US-China trade discussions reduced market uncertainty and lowered safe-haven demand.
Oil prices strengthened on Monday following encouraging reports from US-China trade discussions, improving outlook for the world's largest oil consumers.
The dollar strengthened during early Asian trading on Monday, supported by progress in US-China trade talks and cooling global tensions.
Foreign portfolio investors executed net sales amounting to Rs 3,798 crore during Friday's trading session. In contrast, domestic institutional investors demonstrated positive sentiment with net purchases totalling Rs 7,278 crore.
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