Stock market right now: Nifty50 above 25,100; BSE Sensex opens in green

Market specialists anticipate continued upward momentum, supported by beneficial home indicators. (AI picture)

Stock market right now: Nifty50 and BSE Sensex, the Indian fairness benchmark indices, opened in green on Tuesday. While Nifty50 was above 25,100, BSE Sensex was above 82,500. At 9:17 AM, Nifty50 was buying and selling at 25,126.10, up 23 factors or 0.091%. BSE Sensex was at 82,494.36, up 49 factors or 0.060%Market specialists anticipate continued upward momentum, supported by beneficial home indicators.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Nifty is likely to consolidate in the 24500 – 25500 range in the near-term. There are no short-term triggers to take the Nifty beyond the upper band. Some profit booking pulling the market slightly down is likely. But ample liquidity will ensure that dips will get bought, helping the market to consolidate.”“From the worldwide perspective, market members shall be keenly following the progress of commerce talks between the U.S. and China. Even although there’s optimism relating to a beneficial consequence, it’s unlikely to occur rapidly. Since the market has run up in the final two buying and selling days and valuations have gotten stretched, some revenue reserving could be thought of to hedge in opposition to surprising developments.”US equities finished positively on Monday, with Amazon and Alphabet leading gains. Investors remained focused on US-China diplomatic efforts to resolve trade disagreements that have affected financial markets throughout the year.Asian equities were set to open higher on Tuesday, driven by optimism surrounding US-China trade discussions as officials reported positive progress after initial talks.Gold prices held steady on Tuesday as investors observed the ongoing US-China trade negotiations in London, which aim to resolve trade differences between the world’s largest economies.Foreign portfolio investors purchased shares worth Rs 1,993 crore net on Monday. Domestic institutional investors acquired Rs 3,504 crore net.FIIs’ position in futures market increased to net short of Rs 95,872 crore on Monday from Rs 92,600 crore on Friday.(Disclaimer: Recommendations and views on the inventory market and different asset courses given by specialists are their very own. These opinions don’t signify the views of The Times of India)