Stock Market Today: Sensex started flat, Nifty opened near 26000 but there was a rise in these stocks.

Stock Market Today: Flat movement of Sensex was seen in the stock market on Tuesday, the second trading day of the week. At around 9.15 am, the 30-share BSE Sensex registered a slight rise of 66.76 points and was trading at 84,845.60 points. At the same time, NSE’s Nifty 50 index also opened with a gain of 14.25 points at the level of 25,980.30.

Mixed movements were seen on Nifty 50 in early trading on Tuesday. The stocks which remained strong include SBI, Bharti Airtel, Titan and L&T. At the same time, a decline was recorded in big stocks like Indigo, ICICI Bank, Bajaj Finance, UltraTech Cement and ONGC.

fast one day ago

Dr. V.K., Chief Investment Strategist, Geojit Financial Services. According to Vijayakumar, he says that the overall sentiment of the market remains positive at present. The confidence of domestic investors is strong and global signals are also supporting the market at the moment.

On the first trading day of the week i.e. Monday, a strong rise was seen in the domestic stock markets. Due to the rise in global markets, Sensex closed with a jump of 567 points, while Nifty crossed 25,900 points. According to market experts, better retail inflation data in America has strengthened the expectations of cut in interest rates by the Federal Reserve this year. Along with this, the prospects of US-China trade agreement and continuous buying of foreign funds strengthened investor sentiment.

what do experts say

Vinod Nair, Research Chief, Geojit Investments Limited, says that the progress in US-China trade talks has seen a broad improvement in the domestic market. With retail inflation in the US being better than expected, the chances of the Federal Reserve cutting interest rates have increased, thereby strengthening investor confidence.
He further said that reduction in global uncertainties and strong domestic reforms have shown signs of household income growth. Along with this, the current premium valuation has been justified.

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