Kamal Ghorui
Stock market today: Indian equity benchmarks, Sensex and Nifty50, opened in green in trade on Friday after a day of losses on Thursday. While Nifty50 went above 23,900, BSE Sensex was up over 400 points, crossing the 77,000 mark. At 9:16 AM, Nifty50 was at around 23,921.05, up 146 points or 0.61%. BSE Sensex was at 77,057.50, up 426 points or 0.56%.Market analysts have said that while easing tensions in the Middle East region and stable crude prices could offer some near-term support, the durability of any recovery in the stock market will hinge on clearer signals around the US–Iran situation, trends in energy prices and an improvement in liquidity conditions.US markets ended higher on Thursday as continued efforts to find a peaceful resolution to the six-week Middle East conflict helped ease concerns over the fragile US-Iran truce. All three major indices recovered from early losses and closed in positive territory, supported by reports that Israel is seeking talks with Lebanon.Asian markets, however, saw only modest gains as investors stayed cautious ahead of the upcoming US-Iran discussions over the weekend, amid lingering uncertainty around the ceasefire.In commodity markets, oil prices moved higher in early Friday trade after attacks on Saudi energy infrastructure and continued disruption around the Strait of Hormuz added to concerns, even as a fragile truce between the US and Iran remains in place.Foreign portfolio investors remained net sellers, offloading shares worth Rs 1,711 crore on Wednesday. In contrast, domestic institutional investors provided some support, with net purchases of Rs 956 crore.(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)
