Global Markets Trade Higher, Asian Indices Shed War Losses A...
16 Apr 2026
Stock market today (AI image)
Stock market today: Indian equity benchmarks, Sensex and Nifty50, continued their uptrend on Thursday on positive global cues and hopes of an early end to the US-Iran conflict. While Nifty50 went above 24,350, BSE Sensex rose over 400 points. At 9:16 AM, Nifty50 was at around 24,357.25, up 126 points or 0.52%. BSE Sensex was at 78,573.80, up 463 points or 0.59%. Market analysts are of the view that the near-term outlook remains constructive. Global cues remain supportive. Asian markets tracked gains on Wall Street, buoyed by hopes of a possible ceasefire in the Middle East and strong corporate earnings. The MSCI Asia Pacific Index rose 0.4% at the open on Thursday as investors bet that easing geopolitical tensions could moderate oil prices and support global growth. In the United States, both the S&P 500 and the Nasdaq 100 closed at record highs on Wednesday, driven by improved risk sentiment and upbeat earnings from major lenders such as Bank of America and Morgan Stanley. US President Donald Trump said the conflict involving Israel was “close to over,” with the White House signalling optimism about a potential agreement. However, industry sources cautioned that traffic through the Strait of Hormuz, a critical route for global oil and gas flows, remains significantly below normal levels. Oil prices edged lower in early Thursday trade as optimism around easing tensions outweighed concerns over supply disruptions. On the domestic front, foreign portfolio investors were net buyers of equities worth Rs 666 crore on Wednesday, while domestic institutional investors also remained supportive, with net purchases of Rs 569 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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