The Indian stock market started Wednesday on a positive note.
- Nifty50 opened above 24,550 and was trading at 24,587.55 at 9:16 AM, up 100 points (0.41%).
- BSE Sensex was at 80,512.92, up 277 points (0.35%).
Experts expect the market to stay in a consolidation phase, supported by domestic investments, while keeping an eye on global events like US tariffs and upcoming US–Russia talks.
Market Expert’s View
VK Vijayakumar from Geojit Investments explained that the Indian market has been underperforming for the past six weeks, even though other global markets are doing well.
- Why this underperformance?
- US–India tensions due to Trump’s tariffs.
- Weak corporate earnings growth.
- High stock valuations.
- Modest profit growth forecast (8–10% for FY26).
- Foreign investors (FIIs) selling shares heavily (₹18,620 crore in August).
Even though domestic investors (DIIs) have been buying strongly (₹46,272 crore in August), Nifty still fell from 24,768 to 24,487.
However, Vijayakumar says that a sudden change in sentiment could lead to short covering and a sharp market recovery. Talks between Trump and Putin could be a positive trigger, but nothing is certain.
Read more: Best Stocks to Watch Today — Expert Recommendation Targets & Stop-Loss Levels
Investment Advice
For long-term investors (3+ years), this could be a good time to invest in:
- Banking
- Telecom
- Capital goods
- Aviation
- Select midcap IT companies
Global Market Update
- US markets hit new highs on Tuesday after inflation data showed limited impact from Trump’s tariffs.
- S&P 500: +1.1% (new record)
- Dow Jones: +483 points (+1.1%)
- Nasdaq: +1.4% (new record)
- Asian markets rose 0.6%, led by Japan’s Nikkei-225 hitting a new record.
- US dollar stayed stable; 10-year Treasury yield rose to 4.30%.
Oil prices stayed steady after a drop on Tuesday, as reports showed rising US crude stockpiles.
Tuesday’s Investor Data
- FIIs sold shares worth ₹3,398 crore.
- DIIs bought shares worth ₹3,508 crore.
