Stock market at this time: Nifty50 opens in inexperienced; BSE Sensex near 80,600

Analysts anticipate the market to stay range-bound, with domestic-facing themes anticipated to prevail. (AI picture)

Stock market at this time: Nifty50 and BSE Sensex, the Indian fairness benchmark indices, opened in inexperienced on Thursday. While Nifty50 was above 24,600, BSE Sensex was near 80,600. At 9:33 AM, Nifty50 was buying and selling at 24,619.65, up marginally. BSE Sensex was at 80,589.58, up 50 factors or 0.062%.Analysts anticipate the market to stay range-bound, with domestic-facing themes anticipated to prevail amid warning over US tariffs and the forthcoming US-Russia peace talks scheduled for Friday.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited stated, “The market will be in a wait and watch mode looking for clues from the Trump-Putin summit and PM Modi’s Independence Day message. From the technical perspective, the market is oversold and short-positions are high. Any positive news which triggers short covering can lead to a rally. We will have to wait and watch.” “Fundamentally robust banking shares have drifted down in the final one month whereas mid and smallcaps with elevated valuations proceed to stay resilient. This a liquidity pushed short-term aberration. Long-term buyers can exploit this worth discrepancy by transferring away from extremely valued mid and smallcaps to the security of top quality largecaps.”US equity indices edged higher on Wednesday, extending a global rally driven by expectations of lower interest rates. The S&P 500 gained 0.3% to reach another record high, the Dow Jones surged 463 points (1%), and the Nasdaq inched up 0.1% to a fresh peak.Asian stocks trading within a narrow range at Thursday’s open, easing after three days of gains propelled by bets on a Federal Reserve rate cut next month.Oil prices increased on Thursday, recovering after a decline in the previous session. The upcoming meeting between US President Donald Trump and Russian President Vladimir Putin has heightened market risk premiums. Foreign portfolio investors sold shares worth Rs 3,644 crore on Wednesday, while domestic institutional investors were net buyers, purchasing shares worth Rs 5,624 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)