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    Stock market today: Nifty50 opens near 25,300; BSE up almost 150 points, crosses 82,500

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    By Toi Business Desk

    Copyright indiatimes

    Stock market today: Nifty50 opens near 25,300; BSE up almost 150 points, crosses 82,500

    Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday after a strong market rally on Tuesday. While Nifty50 was above 25,250, BSE Sensex was up almost 150 points. At 9:16 AM, Nifty50 was trading at 25,291.15, up 52 points or 0.21%. BSE Sensex was at 82,529.37, up 149 points or 0.18%.Looking ahead, market observers anticipate continued upward movement, whilst monitoring crucial trade developments and the Federal Reserve’s interest rate decision, which will be instrumental in determining short-term market direction.The three main US stock indices ended lower in volatile trading on Tuesday as investors exercised caution before the anticipated Federal Reserve rate decision.Asian indices showed modest declines at opening following subdued US trading, as investors remained cautious ahead of Wednesday’s Federal Reserve interest rate announcement.Oil prices remained stable during early Wednesday trading, following the previous day’s surge of over 1% due to drone strikes on Russian ports and refineries. Market participants await the anticipated rate decision from the U.S. Federal Reserve.Foreign portfolio investors purchased shares worth Rs 308.32 crore net on Tuesday. Domestic institutional investors were net purchasers, investing Rs 1519 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)

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