“>
Asian stocks declined following US employment data. (AI image)
Stock market today
: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday morning. While BSE Sensex went below 76,600, Nifty50 was near 23,200. At 9:31 AM, BSE Sensex was trading at 76,726.48, down 652 points or 0.84%. Nifty50 was at 23,229.90, down 202 points or 0.86%. The rupee crashed 23 paise to hit a life-time low of 86.27 against US dollar in early trade.
The domestic market remained muted on Friday as crude oil prices surged due to supply worries, alongside a stronger dollar index. Market observers indicate potential ongoing consolidation, whilst attention remains fixed on US non-farm payroll data.
“A decisive slide below the said support could open the next downside of around 23,260 and lower in the short term. Immediate resistance is at 23,700,” said Nagaraj Shetti.
Poll
Do You Think the Stock Market Will Recover by the End of the Month?
US markets declined sharply on Friday, with S&P 500 losing its 2025 gains, following robust employment data that heightened inflation concerns and reinforced expectations of cautious Fed rate cuts.
Asian stocks declined following US employment data, whilst oil reached four-month highs amidst new Russian sanctions.
Oil prices reached three-month peaks, whilst the dollar strengthened against major currencies following strong US employment data.
F&O banned stocks include Manappuram, RBL Bank, Hindustan Copper, LT Finance, and Bandhan Bank. FPIs sold Rs 2,254 crore whilst DIIs purchased Rs 3,962 crore worth of shares.
FII net short position increased to Rs 2.77 lakh crore from Rs 2.67 lakh crore.
