Market experts predict this steady market rise will continue, backed by the government’s GST initiatives, potential US Fed rate cuts, and positive developments in US-India trade discussions. (AI image)

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday on the back of firm global cues. While Nifty50 was above 25,050, BSE Sensex was up almost 200 points. At 9:17 AM, Nifty50 was trading at 25,067.55, up 62 points or 0.25%. BSE Sensex was at 81,732.91, up 184 points or 0.23%.Market experts predict this steady market rise will continue, backed by the government’s GST initiatives, potential US Fed rate cuts, and positive developments in US-India trade discussions.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Globally stock markets are resilient, drawing strength from the new records being set by the mother market US. The US market is bullish on expectations of rate cut from the Fed on September 17th. A 25 bp rate cut by the Fed is the near consensus now, but experts differ on the number of rate cuts after the September cut. Rising inflation in the US, which has come at 2.9% yoy in August, is likely to get worse from the tariff pass through which has started happening. Rising jobless claims at 263000 is a clear indication of a weakening labour market.”“In contrast, the macro picture in India is robust. Financial stability as reflected in FD and CAD numbers, GDP growth prospects remaining strong and falling inflation are positive indicators. After September 22nd the sharp rise in demand for consumer durables, particularly automobiles, will dominate economic and business news. This, in turn, will provide the positive sentimental support to the market. The joker in the pack will be the Trump tariffs. So, watch out for developments on that front.”Major US indices achieved record closings on Thursday, bolstered by Tesla and Micron Technology gains. US inflation and employment data strengthened expectations for Federal Reserve rate cuts this month. August saw US consumer prices exceed predictions, with annual inflation reaching its highest in seven months.Asian markets joined worldwide equity gains following moderate US inflation figures and reduced employment numbers, supporting Federal Reserve rate cut prospects next week.Gold prices increased on Friday, progressing towards their fourth straight weekly gain, as concerns about a declining US employment market overshadowed inflation worries before an anticipated Federal Reserve rate reduction next week.Oil prices declined slightly on Friday following significant drops in the previous session, due to worries about potential US demand reduction and general oversupply, despite concerns regarding supply disruptions from Middle East conflicts and the Ukraine war.Foreign portfolio investors sold shares worth Rs 3,472 crore net on Thursday, whilst domestic institutional investors made net purchases of Rs 4,046 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)