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HomeBlogStock market today: BSE Sensex, Nifty50 open in green; near lifetime highs...

Stock market today: BSE Sensex, Nifty50 open in green; near lifetime highs – Times of India

Stock market today: BSE Sensex, Nifty50 open in green; near lifetime highs
The near-term uptrend of the Nifty remains intact, with the possibility of range-bound action or a minor dip in the next 1-2 sessions. (AI image)

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. Both BSE Sensex and Nifty50 were just short of their lifetime high. At 9:16 AM, BSE Sensex was trading at 85,202.10, up 32 points or 0.038%. Nifty50 was at 26,013.40, up 9 points or 0.036%.
“Markets made a new all-time high for the sixth consecutive session supported by positive global cues and strong domestic flows on Wednesday.We expect the Nifty to continue its upwards journey, amid monthly derivative expiry on Thursday which may induce some volatility,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
The near-term uptrend of the Nifty remains intact, with the possibility of range-bound action or a minor dip in the next 1-2 sessions. The immediate resistance level is around 26,250, while support is at 25,800, according to Nagaraj Shetti of HDFC Securities.
Global markets are mostly positive, with S&P 500 futures, Hang Seng futures, Japan’s Topix, and Australia’s S&P/ASX 200 all trading higher. However, Euro Stoxx 50 futures are slightly down. The forex market is relatively stable, with the euro, Japanese yen, offshore yuan, and Australian dollar showing little change against the US dollar.
Oil prices remain stable on Thursday, supported by increased fuel demand and decreasing stockpiles in the United States, despite concerns about demand in other regions, particularly China. Brent crude futures and U.S. West Texas Intermediate crude are trading with minor gains.
In the Indian market, five stocks are in the F&O ban period today: ABFRL, Granules, Hindustan Copper, Vodafone Idea, and IEX. Foreign portfolio investors (FPIs) turned net sellers at Rs 974 crore on Wednesday, while domestic institutional investors (DIIs) bought shares worth Rs 1,779 crore. The
The net long position of FIIs increased from Rs 3.38 lakh crore on Tuesday to Rs 3.52 lakh crore on Wednesday.

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