Stock market today: Nifty50 closes flat around 25,816; BSE Sensex down around 75 points

Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, extended losses for a fourth straight session on Thursday amid uncertainty over a trade deal and muted global cues. While Sensex slipped below 84,500, Nifty50 ended flat near 25,815 after a volatile day of trade.The 30-share BSE Sensex fell 77.84 points or 0.09% to settle at 84,481.81, after swinging 541.76 points during the session between 84,780.19 and 84,238.43. The NSE Nifty50 ended almost unchanged, down 3 points or 0.01%, at 25,815.55.Among Sensex stocks, Sun Pharma, Tata Steel, Power Grid, Asian Paints, NTPC and Bharti Airtel were the major laggards. On the upside, Tata Consultancy Services, Tech Mahindra, Infosys, Adani Ports, Axis Bank and HCL Tech closed higher, acocrding to PTI.According to market experts, the overall sentiment continues to be weak, with Nifty likely finding support near 25700-25650 in the near term before staging a recovery. Any upward movement could face strong resistance at 25950-26000 levels.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The trend of weakening AI trade is gathering pace in the U.S. market. This trend is likely to continue in early 2026, and this will favour non-AI markets like India. An interesting takeaway from yesterday’s trade is that despite FII buying and net institutional buying the market drifted down. The reason might be the FIIs increasing their short positions in the market. This means, in the near-term, FIIs will resort to a sell on rally strategy.” “A concern in the market now is whether the Japanese central bank will raise the rates today with a hawkish message. If that happens, that might trigger a reversal of the ‘yen carry trade’ leading to further selling by FIIs. What investors should do now is to accumulate high quality fairly-valued stocks on market weakness.”US stock markets finished lower on Wednesday, with S&P 500 and Nasdaq reaching three-week lows as concerns over AI-related stocks impacted the technology sector.Asian equities started lower, following US market decline as global sentiment turned risk-averse with technology concerns affecting stocks while supporting short-term Treasuries and precious metals.Foreign portfolio investors disposed of shares valued at Rs 1,172 crore on Wednesday. Domestic institutional investors acquired shares worth Rs 769 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)