Stock market today: Indian markets open in green despite tensions with Pakistan

Indian stock markets began the day on a positive note on Thursday even as tensions with Pakistan continue to escalate following the recent terror attack in KashmirThe benchmark Nifty 50 index opened at 24289 registering a gain of 4230 points or 017 per cent while the BSE Sensex rose modestly by 2872 points reaching 7983015 at the start of tradingDespite the geopolitical concerns surrounding IndiaPakistan relations market experts pointed out that foreign portfolio investor FPI inflows have remained robust providing support to the market rally However they cautioned that any military escalation between the two countries could trigger a significant selloff in the stock marketAjay Bagga a banking and market expert told ANI Indian markets saw a brief pause after seven consecutive days of gains FPIs continue to be net buyers which is supporting the ongoing rally However the uncertainty surrounding Indiarsquos potential military retaliation following the terrorist attack in Kashmir on the 22nd is creating a cloud of caution over the marketBagga further added The market is opening strong today and the sustained FPI inflows suggest that the positive trend may continue Given Indiarsquos previous retaliatory actions against Pakistansponsored terrorism itrsquos likely that any military response will come after a few days contributing to the marketrsquos uncertainty The Karachi exchange also witnessed a 2 per cent decline in the wake of these tensionsOn the global front investor sentiment has improved with growing optimism over the potential resolution of tariff issues US markets have posted gains for three consecutive days with many market participants believing that the peak of tariff uncertainty has passed There are also expectations that the US and other countries will soon announce new tariff agreements boosting investor confidenceMoreover there is speculation about a Trump Put which could act as a safety net for global markets especially as the month of April comes to a closeBack in India several major companies are scheduled to announce their Q4 earnings today including Reliance Industries Maruti Suzuki India Hindustan Zinc Shriram Finance Cholamandalam Investment and Finance Oracle Financial Services Software Lloyds Metals and Energy Motilal Oswal Financial Services LT Finance Bank of Maharashtra Poonawalla Fincorp Tata Technologies and Dr Lal PathLabsAkshay Chinchalkar Head of Research at Axis Securities commented As long as the Nifty remains above the 24120 level the overall trend remains bullish The 24500 level will act as a key resistance point Additionally the net short positioning of foreign institutional investors FIIs in index futures is at its lowest level since October 7 which is another positive signal for the marketAsian markets were also trading in the green with Japanrsquos Nikkei 225 index climbing more than 13 per cent Hong Kongrsquos Hang Seng gaining over 14 per cent South Korearsquos KOSPI rising by more than 1 per cent and Taiwanrsquos Weighted Index jumping over 2 per cent at the time of this reportWith inputs from ANIatOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params