Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday. While Nifty50 was above 25,900, BSE Sensex crossed 84,600. At 9:16 AM, Nifty50 was trading at 25,911.75, up 2 points or 0.0066%. BSE Sensex was at 84,601.49, up 39 points or 0.046%.Market experts maintain a positive outlook for Indian equities, supported by declining retail inflation and favourable corporate earnings results. “We expect markets to stay firm, with a potential India–US trade deal announcement offering scope for a sharper up-move,” said Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Q2 results declared so far indicate an uptrend in earnings growth. Net profits have grown by 10.8%, which is the best in the last six quarters. This is a beat over earlier estimates. The present trends in consumption indicate that earnings will further improve in Q3. Discretionary consumption, particularly automobiles, will lead earnings growth in Q3. Whether the present boom in consumption will continue even after the festival season is to be watched.” “A sustained uptrend in the market and new record highs have not been happening since FIIs continued selling on all rallies. A change in FII strategy is necessary for the market to break into new record highs and remain there. This, in turn, requires steady improvement in earnings growth, which is likely from Q3 onwards. If the global AI trade loses steam, that would be a helpful factor.”Wall Street concluded the week with varied results on Friday, as investors remained cautious before Nvidia’s upcoming quarterly results and showed growing concern about potential delays in the Federal Reserve’s December interest-rate reduction.Asian markets began cautiously this week as investors anticipated numerous US economic reports while uncertainty persists regarding the Federal Reserve’s policy direction.Gold prices edged higher on Monday whilst investors await multiple US economic reports this week, which could provide additional insights into the Federal Reserve’s interest rate decisions.Foreign portfolio investors sold shares worth Rs 4,968 crore net on Friday. Domestic institutional investors were net purchasers, investing Rs 8,641 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)
