Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex was above 78,700, Nifty50 was near 23,800. At 9:17 AM, BSE Sensex was trading at 78,730.21, up 223 points or 0.28%. Nifty50 was at 23,810.60, up 68 points or 0.29%.
Indian markets began 2025 positively on Wednesday, with widespread sector gains. LKP Securities’ Senior Technical Analyst Rupak De noted the day’s volatile yet positive trading pattern. “Short-term sentiment appears strong, with the index rising for the second consecutive session. However, the key hurdle remains the index’s position below the 200-day moving average (200 DMA). The ongoing rally may face resistance around 23,900–24,000. A decisive move above 24,000 could trigger an extension towards 24,500. On the downside, support is seen at 23,550,” De said.
From a technical analysis perspective, the index has shown a positive reversal pattern following a brief downward adjustment, according to Shrikant Chouhan, Head – Equity Research at Kotak Securities.
Asian equities prepared for a tentative start to the New Year following a disappointing conclusion to what was otherwise an exceptional 2024 for global share markets.
Shanghai futures declined after mainland Chinese indices fell sharply on the final trading day of December. The S&P 500 and Nasdaq 100 indices recorded their fourth straight session of losses in a year-end decline that reduced large-cap market valuations by over a trillion dollars.
Gold commenced 2024 positively following an outstanding previous year, whilst investors awaited additional information regarding the U.S. Federal Reserve’s interest rate direction and President-elect Donald Trump’s trade policies.
Foreign institutional investors (FIIs) offloaded Indian shares worth Rs 1,782.71 crore on the first day of 2025, whilst domestic institutional investors (DIIs) acquired shares valued at Rs 1,690.37 crore on Wednesday.
