Stock market today: Nifty50 opens near 25,700; BSE Sensex flat in trade

Stock market today (AI image)

Stock market today: Indian equity benchmarks opened flat in trade on Wednesday. While the 50-share index Nifty was near 25,700, the 30-share BSE Sensex was down marginally. At 9:16 AM, Nifty50 was trading at 25,716.35, down 9 points or 0.035%. BSE Sensex was at 83,438.94, down 12 points or 0.014%.Experts believe that the stock market is likely to remain steady with a positive undertone in the near term, supported by global trends.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The better-than-expected Q3 results and indications of continuing momentum in earnings growth, going forward, are positive factors that will keep the market resilient. The volatility in IT stocks may continue, in response to incoming news relating to the sector. Overall, IT stocks may remain weak since uncertainty surrounding the sector is huge and large institutional investors are unlikely to invest big time in IT stocks, unless valuations become compelling. There can be churns away from IT towards other sectors like banking and financials, automobiles, telecom, pharmaceuticals etc where there is good earnings visibility.”“This is the time to gradually increase exposure to equity. But many retail investors are increasing investments in gold and silver ETFs, which is a risky game in the present context. Early signs of a shift in the investment strategy of FIIs are visible now. In the cash market, FIIs have been buyers in eight out of the last thirteen trading days. This trend and improving prospects for corporate earnings bode well for the market.“US equities ended marginally higher after a weak start to the session, helped by a rebound in technology stocks and support from financial shares. The recovery followed earlier volatility as investors assessed the outlook for artificial intelligence after recent turbulence that had pulled major indices away from record levels.Asian markets also posted modest gains in thin holiday trading. Investor sentiment remained cautious as markets continued to digest recent swings in global equities linked to concerns around AI-driven disruptions.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)