Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmarks, opened in green on Wednesday. While Nifty50 went above 25,300, BSE Sensex was up over 500 points. At 9:16 AM, Nifty50 was trading at 25,326.40, up 151 points or 0.60%. BSE Sensex was at 82,374.35, up 517 points or 0.63%.Market sentiment on Tuesday was aided by positive global cues and optimism following the finalisation of a long-pending India European Union free trade agreement. Both sides said the pact will see the EU cut tariffs on 99.5 per cent of traded goods over seven years, while India will reduce or eliminate duties on a range of European imports, including machinery, electrical equipment and chemicals.The S&P 500 edged to a marginal record close on Tuesday, extending its winning streak to five sessions, as optimism ahead of megacap earnings was offset by uneven corporate results and a sharp selloff in health insurance stocks. Asian equities were mixed, with South Korean markets advancing while Japan declined. US equity index futures traded higher after reports that SoftBank is in talks to invest up to $30 billion more in OpenAI.On the institutional front, foreign portfolio investors remained net sellers, offloading Indian equities worth Rs 1,952.46 crore on Friday, while domestic institutional investors provided support by purchasing shares worth Rs 7,760.82 crore, according to exchange data.(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)
