Stock Market Today: After yesterday’s strong rise, the stock market indices Nifty50 and BSE Sensex opened in the red on Tuesday. While Nifty 50 was below 25,600, BSE Sensex fell over 200 points in early trade. At 9:16 am Nifty50 was trading at 25,593.50, down 89 points or 0.35%. BSE Sensex was down 220 points or 0.26% at 83,057.50.The stock market closed on the rise, breaking the trend of decline, mainly supported by buying in banking shares. Experts believe the indices may continue to move in a narrow range with a slight upward trend, as investors await signs of growth related to technology stocks and AI.Analysts indicated that the focus will be on Infosys’ AI-focused investor meet and the ongoing India AI Impact Summit, both of which are expected to influence sentiment in technology counters and potentially dictate the near-term market direction.Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, says, “Despite selling in capital market related stocks due to stricter RBI rules on lending to proprietary traders and brokers, Nifty jumped 211 points yesterday. This is a reflection of the underlying resilience of the market. This resilience mainly arises from the improvement in India’s macros and its impact on corporate earnings in the future. This reflects a growth of 14.7%. The third quarter results have been better than expected and this momentum will continue in the fourth quarter and will accelerate in FY27.“FIIs cannot ignore this positive development and hence, will become significant buyers in India, despite occasional sell-offs in response to events such as AI shocks impacting IT stocks. The market will respond to geopolitical developments such as the US-Iran standoff. Corrections can be used as buying opportunities. The impressive credit growth happening now is having a positive impact on leading banking stocks, which are fairly valued.“Asian markets were higher on Tuesday, although gains were modest due to lower trading volumes amid holidays in some regions. Investors are awaiting a new set of economic data later this week for clear signals on global growth trends.The US dollar maintained its recent strength on Tuesday, as the market awaited signals from the Federal Reserve later this week regarding the timing of a potential interest rate cut.Foreign portfolio investors sold equities worth Rs 972 crore on Monday, while domestic institutional investors remained net buyers, buying shares worth Rs 1,667 crore.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)