Kamal Ghorui
Stock market today (AI image)
Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened in green on Monday, rallying strongly on the back of India-US trade deal joint statement issued over the weekend, and US President Donald Trump’s executive order revoking 25% penal tariffs. While Nifty50 went above 25,800, BSE Sensex was up over 500 points in opening trade. At 9:18 AM, Nifty50 was trading at 25,819.00, up 125 points or 0.49%. BSE Sensex was at 83,994.31, up 414 points or 0.50%.Market analysts are of the view that the stock market could remain range-bound in the near term with stock-specific movements driven by earnings outcomes amid persistent global uncertainties.Asian markets opened higher on Monday, tracking gains on Wall Street after a volatile week marked by concerns over elevated valuations in technology stocks/The positive start in Asian equities followed a strong finish in US markets on Friday, where the Dow Jones Industrial Average crossed the historic 50,000 mark. The S&P 500 also ended significantly higher, supported by strong advances in Nvidia and other semiconductor companies. However, shares of Amazon declined after the company signalled a sharp increase in spending on artificial intelligence infrastructure.Gold and silver prices continued their upward momentum as the dollar weakened. Investor attention is now focused on an upcoming US labour market report later this week, which is expected to provide further clarity on the direction of interest rate decisions by the US Federal Reserve.(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)
