Stocks markets open higher on FII inflows DII buying:Sensex rises to 83,840 points; Nifty advances to 25,859 level

The Indian stock market started the day with good news on Thursday. Both the major indexes, the Nifty 50 and the BSE Sensex, showed gains right from the opening bell. This positive start was fueled by money coming into the country from foreign investors and continued buying from Indian investors. The Nifty 50, which represents 50 of the largest companies in India, opened at 25,873.35. That’s an increase of 54 points, or 0.21%, compared to where it closed the previous day. The BSE Sensex, another important market indicator, opened at 83,969.82, up by 235.57 points, or 0.28%. Market watchers say that the positive mood around the world and consistent buying activity within India are helping the markets climb. However, they also warn that risks in other parts of the world could still affect the Indian market. Expert View: Ajay Bagga, an expert in banking and markets, said to news agency, ANI, that the Indian markets are trying to push through some important barriers, thanks to foreign investment and buying from Indian institutions. However, he also cautioned that the market might be a bit too eager and that potential military action against Iran by the US and Israel could create problems. He noted that Asian currencies are weakening against the US dollar, and oil prices have gone up because of concerns about US action in the Middle East. Gold Silver shine In the commodities market, gold prices jumped back up after falling on Wednesday. Gold is currently trading at Rs 1,55,687 per 10 grams for the purest form, 24 karat. Silver prices also bounced back to Rs 2,42,520 per kilogram after a sharp drop the day before. Mixed sector-wise movement Looking at the broader market, most of the indexes on the National Stock Exchange (NSE) were showing positive numbers. The Nifty 100, which includes the top 100 companies, was up by 0.10%. The Nifty Smallcap 100, representing smaller companies, increased by 0.24%, and the Nifty Midcap 100, which tracks medium-sized companies, rose by 0.13%. Different sectors of the market also showed varying performance. The auto industry, IT sector, metal industry, pharmaceutical sector, and public sector banks were all performing well. However, the fast-moving consumer goods (FMCG) sector, media, and real estate were not doing as well. It’s important to note that there will be a break in settlement-related activities because of a holiday for Chhatrapati Shivaji Maharaj Jayanti. This means that transactions made on February 18 and 19 will not be settled until February 20. FPIs make a comeback! Other Asian markets advance Thursday Finally, recent discussions by the Federal Reserve (the US central bank) suggest that they are likely to keep interest rates steady and might even raise them if inflation increases. This has led to higher bond yields in the US, as people expect fewer interest rate cuts in the future.