The Indian Stock Market on Thursday continued its winning streak opening with gains. At open, Sensex was up 234.34 points or 0.30 percent at 78,192.86, and the Nifty was up 69.60 points or 0.29 percent at 24,400.55. The major gainers on Nifty were Trent, HDFC Life, Bajaj Auto, Eternal, Max Healthcare while losers were Kotak Mahindra Bank, Titan Company, Power Grid Corp, Hindalco and Interglobe Aviation.

The benchmark indices were trading higher in the pre-opening session with the Sensex up 335.72 points or 0.43 percent at 78,294.24, and the Nifty was up 26.80 points or 0.11 percent at 24,357.75.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, "Despite the West Asia geopolitical tensions, the US market is at record highs and the AI trade is continuing unabated. Two stocks in South Korea and one in Taiwan are powering the AI trade in these countries. The sustained selling of the FPIs in India and the weakness in the Indian market has to be seen in this context. There is high concentration risk in the AI trade. With valuations in AI stocks reaching high levels, a sharp correction in AI trade is possible any time. A reversal of FPI outflows from India will happen only when the AI trade weakens or AI valuations become excessive. So watch out for this space."

"The see-saw political game in West Asia has been going on for some time now and responding to that crude prices also have been seesawing. The market is swinging between hope and fear and this might continue until there is a definitive conclusion to the crisis. The market is rewarding good results and punishing poor results in the ongoing Q4 results season. There are positive results across market caps."

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