Stock market today: BSE Sensex surges over 500 points, crosses 80,000 level; Nifty50 above 24,300 – Times of India

Market experts anticipate continued upward momentum based on potential India-US trade agreements. (AI image)

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday. While BSE Sensex went above 80,200, Nifty50 was above 24,350. At 9:21 AM, BSE Sensex was trading at 80,140.02, up 544 points or 0.68%.Nifty50 was at 24,326.10, up 159 points or 0.66%.
Indian equity markets finished positively on Tuesday despite global market uncertainty, supported by sustained buying activity and accommodative RBI measures. Market experts anticipate continued upward momentum based on potential India-US trade agreements, ongoing FII investments and supportive central bank policies.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Terror attacks while succeeding in taking precious human lives cannot succeed in even marginally impacting our economy and markets. Pakistan’s political instability and basket case economy cannot do any damage to Indian economy and markets. Markets may send this message today and the fundamental factors are favourable. President Trump’s message that he has no intention of firing the Fed chief has calmed the US markets.Trump’s remarks on Chinese tariffs indicate that he might reduce the US-China tensions. The sustained buying by FIIs is a strong support to Indian markets. Technically the market might move into an overbought territory soon inviting some profit booking. Investors should remain invested in high quality largecaps.”
US equities recovered on Tuesday, driven by quarterly corporate results and positive signals regarding US-China trade relations.
Gold prices fell on Wednesday after U.S. President Donald Trump retreated from his threats to dismiss the Federal Reserve chair, whilst U.S. Treasury Secretary Scott Bessent indicated potential easing of trade tensions, reducing the precious metal’s safe-haven demand.
The U.S. dollar strengthened considerably against key currencies on Wednesday, as market participants expressed relief following Trump’s withdrawal from his earlier threats to remove Powell.
Oil prices increased nearly 1% during early Wednesday trading, continuing the previous day’s upward movement.
Foreign portfolio investors became net purchasers at Rs 1,290 crore on Tuesday. DIIs offloaded shares valued at Rs 885 crore.
FIIs’ net short position decreased from Rs 77,270 crore on Monday to Rs 78,335 crore on Tuesday.

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Stock market today: BSE Sensex surges over 500 points, crosses 80,000 level; Nifty50 above 24,300 – Times of India

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