Indian equity markets opened flat on Friday, with the Nifty 50 maintaining a positive momentum amid sustained foreign portfolio investor (FPI) inflows, while domestic institutional investors (DIIs) remained steady buyers.
The Nifty 50 commenced trade at 25,064.65, registering a marginal gain of 2.55 points, or 0.01 per cent. Conversely, the BSE Sensex opened lower at 82,392.63, down 138.11 points, or 0.17 per cent.
Market experts observe that Indian equities continue to benefit from robust inflows and are trading in a historically significant zone, where momentum typically intensifies. The overall sentiment remains largely optimistic despite mixed global cues.
"Indian markets continue to benefit from a strong inflow from FPIs while DIIs remain steady buyers as well. Yesterday's positive reaction to the Trump assertion of zero-tariffs provided a boost to IT, auto and bank stocks with the top end market cap stocks leading the Indian stock rally," banking and market expert, Ajay Bagga said.
Also read: Sensex jumps 1330 pts; Nifty reclaims 25K peak
He further added, "We have completed 7 months since the Indian markets last hit all-time highs in late September 2024, so markets are in a historical zone where momentum picks up again. Geopolitical risks and trade tariff related risks are the overhangs as Indian markets attempt rescaling of previous all-time highs over the next two weeks. Caution still lurked in the background after a furious rally spurred worries about an overheated market, with the pendulum swinging in favour of defensive dividend-payers that had underperformed in the past month."
Sectorally, indices such as Nifty Auto, Nifty PSU Bank, Nifty Consumer Durables, and Nifty Oil & Gas surged in early trade. However, pressure was noted on Nifty Private Bank, Nifty Realty, Nifty Healthcare, Nifty IT, FMCG, and Media sectors, which were trading in the red at the time of reporting.
Meanwhile, Asian markets displayed mixed performances. Taiwan’s Weighted Index rose 0.34 per cent, and South Korea’s KOSPI was nearly flat with a 0.09 per cent gain.
Japan’s Nikkei 225 declined by 0.21 per cent, Hong Kong’s Hang Seng fell 0.76 per cent, and Singapore’s Straits Times dropped 0.18 per cent during the same period.
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