Stock market today: Nifty50 opens flat; BSE Sensex near 85,750

Stock Market Today: Nifty50 and BSE Sensex Open Flat

The Indian equity benchmark indices, Nifty50 and BSE Sensex, opened flat in trade on Friday, with the former trading above 26,200 and the latter near 85,750.

Key Market Statistics

• Nifty50: Trading at 26,219.45, up 4 points or 0.015% at 9:27 AM
• BSE Sensex: Trading at 85,750.14, up 30 points or 0.035% at 9:27 AM

Technical Analysis

Technical analysts have identified 26,300 as a crucial resistance and breakout point, with a definitive close above this threshold potentially leading to new peaks in the 26,350-26,450 range.

Expert Insights

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, warns that retail investors must shift their focus to largecaps and quality midcaps with growth potential to participate in the expected rally in 2026.

• Retail Investor Paradox: Holding portfolios with losses due to obsession with smallcaps and their belief in outperformance.
• Smallcap Underperformance: Nifty Smallcap Index is around 9% below its peak, primarily due to poor earnings growth and high valuations.

Global Market Developments

Brent crude remained steady on Friday, while market participants observed Russia-Ukraine peace talks developments and anticipated Sunday's OPEC+ meeting results regarding future supply adjustments.

Market Transactions

• Foreign Portfolio Investors: Sold shares worth Rs 1,255 crore net on Wednesday
• Domestic Institutional Investors: Were net purchasers at Rs 3,941 crore on Wednesday

(Disclaimer: The views and recommendations of experts do not represent the views of The Times of India)