The Indian equity markets saw an increase on Thursday morning with the Sensex rising by 0.48% to reach 78,339.24 points, and the Nifty trading at 24,423.35 points, up by 0.37%. Among the top losers in the Nifty pack were Tata Consumer, Power Grid, Hindustan Unilever, TCS, HDFC Bank, Titan, NTPC, and Sun Pharma.
Sectoral indices like Nifty Realty, Nifty FMCG, Nifty Consumer Durables, and Nifty Private Bank experienced declines of up to 0.7%, while Nifty Auto and Nifty Metal gained up to 0.78%. Market sentiment turned positive following reports that Iran is considering a US peace proposal aimed at resolving conflicts.
Market experts cautioned about the rising concentration risk in the AI segment, suggesting that valuations are at high levels and a significant correction could occur. They also noted that FPI flows into India might be influenced by changes in the AI trade dynamics or AI-related valuations.
Geopolitical tensions in West Asia have led to volatile movements in crude oil prices, with markets oscillating between hope and fear. The uncertainty is expected to persist until there is more clarity on the crisis. Market reactions to Q4 earnings have been favorable for strong results and punitive for misses, reflecting positive performance trends across market capitalizations.
Reports indicated that Iran would respond to the peace proposal, while US President Donald Trump expressed optimism about Iran’s willingness to reach an agreement. In the commodities market, Brent crude traded at $102.50 per barrel, up 1.21%, and US West Texas Intermediate (WTI) rose by 1.47% to $96.48. Asian markets, including the Nikkei, Hang Seng, and KOSPI, were trading higher, while Wall Street closed positively, with the S&P up by 1.46% and the Nasdaq by 2%.
