Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was near 24,600, BSE Sensex was up over 50 points. At 9:16 AM, Nifty50 was trading at 24,592.05, up 12 points or 0.051%. BSE Sensex was at 80,214.67, up 57 points or 0.071%.Markets retreated on Tuesday, reversing initial gains driven by positive macro indicators due to selling pressure in later trading hours. The upcoming GST Council meeting could influence market sentiment.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “With global uncertainty on the rise, the market also is going to experience high volatility. There are potentially positive and negative news that can impact the market, going forward. On the negative front, the likelihood of the 25 % penal tariff imposed on India getting withdrawn is getting difficult since India has refused to accept Trump’s dictates.”“This means, in the short-run our exports and related jobs will continue to suffer. On the positive front, the Q1 GDP growth number at 7.8% indicates growth momentum in the economy. This will get accelerated by the coming reforms in GST. The net result of all these can be an upward revision in the earnings growth for FY26 and FY 27. This has the potential to turn FIIs into buyers in India triggering a rally in the market. This is a likely scenario which can play out in a few weeks.”“Also, the situation may dramatically change if the US Supreme Court disallows the appeal from the US administration regarding Trump’s tariffs. Volatile days ahead. Investors should stay invested and slowly accumulate high quality, fairly valued stocks.”US equities began September with significant losses on Tuesday as traders assessed implications of a federal appeals court ruling that deemed most of President Donald Trump’s tariffs unlawful.Bond markets stabilised in early Asian trading whilst corporate debt issuance and concerns about developed nations’ fiscal positions affected both fixed income and equity markets.The price of gold maintained its upward trajectory on Wednesday, remaining steady above $3,500, as investors increasingly anticipate a reduction in interest rates by the US Federal Reserve this September.Foreign portfolio investors recorded net sales of Rs 1,159 crore on Tuesday, while domestic institutional investors made net purchases worth Rs 2,549 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)
