Stock market today: Nifty50 opens above 24,600; BSE Sensex gains over 350 points

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 24,600, BSE Sensex crossed 81,300. At 9:16 AM, Nifty50 was trading at 24,621.50, up 43 points or 0.18%.BSE Sensex was at 81,337.54, up 189 points or 0.23%.Indian equities experienced a decline on Tuesday following the previous day’s India-Pakistan ceasefire-driven surge. The decrease was seen as a normal correction following Monday’s substantial gains. Market watchers continue to monitor geopolitical developments, institutional investment patterns, and forthcoming economic indicators.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Global markets are in a state of flux moving up and down in response to continuously changing policy scenarios. Trump’s reciprocal tariff policy which caused tremors in markets is now done and dusted with a deal emerging between US and China. It appears that the trend of weakening dollar is over. The US 10-year yield has spiked to 4.47% and this might impact the FII fund flows to India which has been keeping the Indian market resilient.There is also a risk of hot money again moving to cheaper Chinese stocks in the new environment of improving US-China relationship. However, a strong tailwind for the Indian market is the sharp dip in April CPIinflation to 3.16%. This leaves enough room for the MPC to cut rates thrice more in this cutting cycle. This is positive for the market in general and rate sensitives in particular.”US markets showed positive movement on Tuesday, with the S&P 500 and Nasdaq advancing for a second consecutive session. This uptick followed lower-than-anticipated inflation data and positive sentiment from the US-China trade agreement announcement on Monday.Asian equities displayed varied movements early Wednesday, with investors remaining cautious whilst awaiting direction. US markets eliminated their 2025 losses, influenced by easing trade tensions and lower-than-expected US inflation data.Oil prices maintained near two-week peaks in early Wednesday trading, supported by the US-China agreement on temporary tariff reductions and a weakening US dollar.Gold prices decreased on Wednesday as diminishing US-China trade tensions reduced safe-haven appeal, whilst investors awaited additional inflation data to evaluate Federal Reserve’s policy decisions.FPIs purchased shares worth Rs 1,246 crore net on Tuesday, whilst DIIs acquired Rs 1448 crore net.FII futures market position shifted from net long of Rs 153 crore on Monday to net short of Rs 36,500 crore on Tuesday.