Stock Market Opening: Sensation of Flat Trading in Sensex and Nifty

Stock Market Opening: Sensex and Nifty Flat After Record Rally

The benchmark stock market indices opened Wednesday’s trading session flat, marking a pause after an impressive record run spanning four sessions. The S&P BSE Sensex was down 20.70 points to 84,893.34 at 10:23 am, while the NSE Nifty50 fell 18.20 points to 25,922.20. This cooling off period drew attention as all other broader market indices were also trading in negative territory, suggesting that the momentum seen in previous trading sessions may have fizzled out.

Key Stocks in Focus

• Top Gainers: Power Grid, HDFC Bank, Divi’s Lab, M&M, Hindalco
• Top Losers: Tata Consumer Products, LTIM, Tech Mahindra, Britannia, Tata Motors

As speculation swirls around the Chinese monetary stimulus measures, Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that this could lead to increased foreign institutional investment in the Chinese and Hong Kong markets, which are appealing based on their valuations.

In India, metal stocks experienced a rally in response to these foreign developments. However, Vijayakumar cautioned that while the current sentiment is positive, it may not withstand long-term challenges posed by China’s structural economic issues. He emphasized that the ongoing domestic liquidity boost is likely to sustain market resilience, with a strong need for the Bank Nifty to lead if the Nifty is to decisively surpass 26,000 points.