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Stock market today: Sensex and Nifty opened in green on Friday on positive global cues. While Nifty50 was above 24,200, BSE Sensex was up around 100 points. At 9:17 AM, Nifty50 was trading at 24,208.00, up 11 points or 0.046%. BSE Sensex was at 78,080.41, up 92 points or 0.12%.
Market analysts remained cautious, navigating mixed global signals and persistent geopolitical uncertainties.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The resilience of the mother market, US, and positive news relating to the ceasefire between Israel and Lebanon bode well for the market. However, President Trump’s bravado has to be taken lightly, going by his track record of total inconsistency. Investors should be guided by actions rather than words.
A significant and distinct trend in the market is the strength of the mid and small caps relative to the large caps. Fear of FIIs again turning sellers on rallies is weighing on large caps. In the near-term, therefore, the broader market may do better aided by the fund flows and retail buying in the segment. However, the prospects of largecaps are better in the medium to long-term.#WatchOutFor#Today’sTradingSetup#IndexStrategies#StockInNews#MacroViews
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