Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday. While Nifty50 was near 25,150, BSE Sensex was below 85,500. At 9:16 AM, Nifty50 was trading at 26,157.20, down 20 points or 0.076%. BSE Sensex was at 85,454.65, down 70 points or 0.082%.Experts are of the view that activity is likely to stay muted in the coming sessions due to the shortened trading week due to the Christmas holiday. The stock market is expected to hold firm at elevated levels and move within a narrow range, aided by supportive signals from global markets.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “As 2025 draws to a close the market appears to be moving to a consolidation phase with an upward bias. The strong domestic macros and the supportive earnings growth expectations in Q3 and Q4 of FY26 and for FY27 will provide the fundamental support to the market. The sustained domestic inflows and consistent DII buying will impart resilience to the market. However, since FIIs may sell the rallies, a sharp breakout is unlikely. Also, the revival of the AI trade in the US might impact sentiments in favour of a ‘non-AI trade’ in markets like India.” “The RBI decision to do an additional OMO to the tune of Rs 2 lakh crores will significantly enhance liquidity and bring down yields. This is positive for credit growth and banking stocks. This can be a shot in the arm for banking stocks which are fairly valued.”Wall Street ended higher on Tuesday, with the S&P 500 finishing at an all-time high after a series of economic indicators were released. Among these was the GDP growth number that lifted bond yields and boosted interest in growth-oriented stocks.Asian equities opened on a positive note, tracking the overnight rally in the S&P 500, which was underpinned by data indicating that the US economy expanded at its strongest rate in two years.Gold crossed the $4,500 per ounce threshold on Wednesday for the first time, supported by increased demand for safe-haven assets and expectations that the US central bank could lower interest rates further next year. Silver and platinum also climbed to fresh record levels.In the domestic market, foreign portfolio investors were net sellers of equities worth Rs 1,795 crore on Tuesday, while domestic institutional investors stepped in as net buyers with purchases of Rs 3,812 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Stock market today: Nifty50 near 26,150; BSE Sensex below 85,500
