Stock market at this time: Nifty50 opens above 24,500; BSE Sensex up over 300 points

Market consultants suggest a prudent and balanced technique as every week of serious macroeconomic developments approaches. (AI picture)

Stock market at this time: Nifty50 and BSE Sensex, the Indian fairness benchmark indices, opened in inexperienced on Monday. While Nifty50 was above 24,500, BSE Sensex was up over 300 points. At 9:22 AM, Nifty50 was at 24,518.50, up 92 points or 0.38%. BSE Sensex was at 80,113.43, up 304 points or 0.38%.Market consultants suggest a prudent and balanced technique as every week of serious macroeconomic developments approaches.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Global geopolitics is transforming fast in response to Trump’s tantrums. The coming together of China, India and Russia can have profound consequences on global power equations and thereby on global trade. This will have its impact on the stock market too.” “There are two developments, one international and the opposite home, that may weigh on markets. The US court docket ruling that Trump’s tariffs are unlawful is a giant growth and the US Supreme Court’s ultimate verdict on the problem should be awaited. Domestically, India’s Q1 GDP progress quantity at 7.8% got here a lot better than anticipated. It seems that the fiscal stimulus supplied within the Budget and financial stimulus supplied by the MPC are appearing with a lag. The proposed GST reforms can speed up progress within the coming quarters. This, together with the massive liquidity coming into mutual funds will proceed to assist the market.”The S&P 500 retreated from its peak on Friday, affected by decreases in AI-related stocks including Dell and Nvidia, as investors assessed inflation data showing tariff impacts. Meanwhile, Alibaba’s US-listed shares increased following positive cloud computing business results.Asian stocks began negatively following Friday’s technology sector decline on Wall Street, particularly affecting semiconductor shares.Oil prices remained confined within narrow bounds on Monday, as concerns over increased production and US tariff effects on demand counterbalanced supply disruptions caused by escalated Russia-Ukraine aerial combat.The US dollar showed minimal movement on Monday whilst markets awaited multiple US employment reports this week, which could influence the Federal Reserve’s anticipated interest rate reduction this month.FPIs recorded net sales of Rs 8,312 crore on Friday, whilst DIIs showed net purchases of Rs 11,487 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)