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Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Friday, a day ahead of the Union Budget 2025 presentation. While BSE Sensex was near 76,900, Nifty50 was above 23,300. At 9:17 AM, BSE Sensex was trading at 76,893.32, up 135 points or 0.17%. Nifty50 was at 23,303.50, up 54 points or 0.23%.
Indian stock markets closed higher on Thursday, continuing their upward trend for the third consecutive session despite volatility caused by mixed global signals and the January F&O contracts expiry.
Market participants are keenly observing Budget-related developments, particularly focusing on capital expenditure and consumption-related sectors. Market experts anticipate trading within a defined range, with individual stock movements influenced by the upcoming Budget and ongoing third-quarter results.
The index faces resistance near the falling wedge’s upper limit and the 21EMA on daily charts, indicating potential near-term retracement. Support exists at 23,200, with possible decline towards 23,000 if breached, according to an ET analysis.
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US markets finished higher on Thursday, with Tesla’s positive commentary offsetting Microsoft’s cautious forecast.
Asian markets declined on Friday, led by technology sector weakness. Australian shares showed gains, whilst US futures advanced following Apple’s strong results.
Gold prices reached a new peak on Friday and were heading towards their fifth consecutive weekly increase, as investors expressed concerns about US tariff threats whilst anticipating a crucial inflation report to evaluate the Federal Reserve’s strategy.
Foreign portfolio investors shifted to net selling position at Rs 4,582 crore on Thursday. DIIs acquired shares valued at Rs 2,166 crore.
FIIs’ net short position decreased from Rs 2.24 lakh crore on Wednesday to Rs 1.73 lakh crore on Thursday.
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