Stock market today: Nifty50 opens above 25,400; BSE Sensex up over 300 points as market rally continues

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday. While Nifty50 was above 25,400, BSE Sensex was up over 300 points. At 9:18 AM, Nifty50 was trading at 25,410.10, up 87 points or 0.34%. BSE Sensex was at 82,942.13, up 337 points or 0.41%.Market observers noted that declining US 10-year yields as rupee gained suggested foreign institutional investors were shifting focus to emerging markets, including India, potentially influencing domestic market direction in the coming months.The S&P 500 finished higher on Wednesday, with Morgan Stanley and Bank of America shares rising after strong quarterly performances, whilst investors monitored escalating China-US trade friction.Asian equities increased at opening following US market gains in a fluctuating session as investors assessed new US-China trade developments.Oil prices increased approximately 1% during early trading Thursday after US President Donald Trump claimed that Prime Minister Narendra Modi committed to halting Russian oil purchases, which currently constitute one-third of India’s imports.Gold achieved a new peak Thursday as investors sought safety in the precious metal during ongoing geopolitical and economic uncertainties, supported by anticipated US interest rate reductions and declining dollar strength.Foreign portfolio investors sold shares worth Rs 68 crore net on Wednesday. Domestic institutional investors were net purchasers, investing Rs 4,650 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)