Stock market today: Nifty50 opens in red; BSE Sensex down over 200 points

Stock marketplace today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened successful reddish connected Monday connected anemic planetary cues. While Nifty50 was beneath 25,700, BSE Sensex was down implicit 200 points. At 9:17 AM, Nifty50 was trading astatine 25,662.30, down 60 points oregon 0.23%.

BSE Sensex was astatine 83,709.87, down 229 points oregon 0.27%.In this holiday-shortened trading week, markets volition absorption connected the last HSBC Manufacturing and Services PMI readings, which volition bespeak home economical performance.US banal marketplace indices finished higher connected Friday, supported by Amazon's optimistic net forecast. However, gains were constricted arsenic investors remained cautious astir imaginable delays successful Federal Reserve complaint reductions.Asian markets showed mixed show with South Korean shares advancing whilst Australian markets declined. Japanese markets and Treasury currency trading remained closed for a holiday.Oil prices accrued during aboriginal trading connected Monday aft OPEC+ announced its determination not to summation accumulation successful 2024's archetypal quarter, reducing concerns astir excess supply.Gold prices decreased connected Monday owed to a stronger dollar, arsenic investors reduced expectations of Federal Reserve complaint cuts pursuing Chair Jerome Powell's strict comments past week.

Foreign portfolio investors sold shares worthy Rs 6,769 crore nett connected Friday. Domestic organization investors were nett purchasers astatine Rs 7,048 crore.(Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India)