Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was below 76,300, Nifty50 was near 23,100. At 9:16 AM, BSE Sensex was trading at 76,271.04, down 134 points or 0.18%. Nifty50 was at 23,103.35, down 52 points or 0.22%.
However, by 10:00 AM, Sensex saw a slight uptick, reaching 76,507.43, rising 102.44 points or 0.13%. Nifty traded at 23,192.05, surging 45.25 points or 0.2%.
On Wednesday, benchmark indices in India rebounded amid heightened volatility, following better-than-expected results from a major private bank. Analysts suggest that talks of the US considering lower tariffs on China may provide temporary relief for markets, but underlying concerns persist.
Mandar Bhojane, Research analyst at Choice Broking, said, “On the upside, immediate resistance is now seen at 23,300, with a breakout above this level likely paving the way for targets of 23,600 and 23,800 in the near term.”
Also Read | Stocks to buy: Top stock recommendations for January 23, 2025
Wall Street’s indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan.
Stocks in Asia got off to an uneven start in the wake of the US rally fueled by optimism over artificial intelligence spending. Gold held steady near its record high on Thursday as investors awaited further direction from the new Trump administration regarding potential tax cuts and trade policies.
The dollar steadied against major peers on Thursday, continuing its near paralysis of the past two days before more concrete announcements on tariffs from U.S. President Donald Trump.
Foreign portfolio investors turned net sellers at Rs 4,026 crore on Wednesday, while DIIs bought shares worth Rs 3,640 crore. The net short of FIIs increased from Rs 3.49 lakh crore on Tuesday to Rs 3.5 lakh crore on Wednesday.
