Last Updated:July 02, 2025, 09:44 IST
Sensex Today: Stock markets opened higher on Wednesday amid a mixed market sentiment globally
Stock market updates
Sensex Today: Stock markets opened higher on Wednesday amid a mixed market sentiment globally. The BSE Sensex was trading at 83,871, rising 174 points or 0.21 per cent, while the Nifty50 was at 25,599, up 57 points or 0.22 per cent.
The broader Nifty MidCap, and SmallCap indices were flat with positive bias. Nifty Bank index, meanwhile, hit a record high of 57,628 in the intraday trade.
Market View: VK Vijayakumar, Chief Investment Strategist, Geojit Investments
After breaking the 24500-25000 range Nifty has moved to the new range of 25200-25800. Positive news about a possible trade deal between India and US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long. There are no indications yet of a strong rebound in earnings. GST collections data for June indicates sluggish growth. Auto sales numbers for June also indicates subdued sales.
In brief, there is no room for the market to sustain the upward momentum given the high valuations. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs. How long this resilience will hold remains to be seen. The Fed chief Jerome Powell has indicated that there is no room for a rate cut immediately. This will rein-in the enthusiasm of the bulls.
Global Markets
The Nasdaq and the S&P 500 closed lower on Tuesday, dragged down by weakness in large-cap tech stocks, while the Dow ended higher in a volatile day marked by seasonally low liquidity. Dow Jones Industrial Average rose 400.17 points, or 0.91%, to 44,494.94. The S&P 500 lost 6.94 points, or 0.11%, to 6,198.01 and the Nasdaq Composite lost 166.84 points, or 0.82%, to 20,202.89.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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