Market experts anticipate the upward trajectory to persist, with tariff-related developments influencing short-term market sentiment. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday. While Nifty50 was below 25,400, BSE Sensex was down almost 150 points. At 9:16 AM, Nifty50 was trading at 25,393.55, down 30 points or 0.12%. BSE Sensex was at 82,871.61, down 142 points or 0.17%.Market experts anticipate the upward trajectory to persist, with tariff-related developments influencing short-term market sentiment.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The market is on an uptrend and is well positioned to set new records soon. Fundamentals, technicals and sentiments are favourable for a steady uptrend. Fundamentally, earnings are likely to improve from Q3 onwards. Technically, the market construct is favourable for an up move since there are shorts in the system and short covering is happening and can accelerate.” “From the market sentiment perspective, there are reports of a US- India trade deal without the penal tariff and lower reciprocal tariff from high government officials. Combination of all these factors will keep the market resilient. Sensing these positive developments FIIs also have significantly reduced their selling and has even turned buyers, though marginally. In brief, it is advantage bulls.”US equity indices reached record closing highs on Thursday, following the Federal Reserve’s 25-basis-point rate reduction. Intel shares rose after Nvidia announced plans to acquire a stake.Asian equities approached an intraday record as global markets reached new heights, buoyed by the Federal Reserve’s interest rate decision.Crude oil prices remained stable on Friday following a decline in the previous session, occurring after the US Federal Reserve’s first interest rate reduction this year, amid concerns about US fuel consumption.Foreign portfolio investors purchased shares worth Rs 366.69 crore net on Thursday. Domestic institutional investors were net purchasers, investing Rs 3,326 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
