Kamal Ghorui
Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Tuesday on weak global cues. While Nifty50 was above 25,550, BSE Sensex was just above 83,200. At 9:16 AM, Nifty50 was trading at 25,573.05, down 12 points or 0.049%. BSE Sensex was at 83,204.62, down 42 points or 0.050%.Analysts expect the stock market to remain range-bound in the near term, with investors closely tracking global cues and the ongoing corporate earnings season. Analysts have cautioned that any escalation in geopolitical tensions could weigh on sentiment.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The volatility in the market is likely to continue in the near-term till some clarity emerges regarding the US- Europe standoff on Greenland tariffs. Since both sides have hardened their positions, the uncertainty will continue for some time. A new development is likely today if the US Supreme Court ruling on Trump tariffs goes against President Trump. But there is no certainty on whether the ruling will happen today. If it does, the ruling might change the scenario completely overnight. From the fundamental perspective, there are good news as well as not so good news for the market. The good news is that the IMF has raised India’s FY 26 GDP growth rate to 7.3% confirming the robust performance of the economy despite many headwinds. An area of concern is that early Q3 results do not indicate a recovery in earnings growth. This is likely to change when the results of auto companies start flowing in since this sector has done well in Q3 and it is heartening that the growth momentum is continuing in the sector.”“Geopolitical and geoeconomic issues will continue to dominate in the near-term and will influence the direction of the market. Investors can watch the developments and continue to follow a policy of nibbling at high quality stocks on declines.”Asian equities opened lower on Tuesday as renewed tariff threats by US President Donald Trump linked to Greenland revived trade concerns, dampening risk appetite across regional markets. The cautious tone spilled over into currency and bond markets, with the dollar sliding to a one-week low in early trade amid a broad selloff in US equities and government bonds following fresh warnings from the White House directed at the European Union.On the domestic front, foreign portfolio investors continued to pare exposure, selling shares worth Rs 3,263 crore on Monday. Domestic institutional investors, however, provided some support to the market, emerging as net buyers to the tune of Rs 4,234 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)
