Given the current scenario, we maintain a negative outlook on the index, said Ajit Mishra– SVP, Research, Religare Broking. (AI image)
Stock market today
: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened lacklustre in trade on Tuesday. While BSE Sensex was near 74,500, Nifty50 was above 22,550. At 9:18 AM, BSE Sensex was trading at 74,528.88, up 74 points or 0.10%. Nifty50 was at 22,558.40, sup 5 points or 0.022%.
Indian equities
declined considerably on Monday to an eight-month low, following the US markets’ Friday downturn due to disappointing economic indicators. The indices’ movement remains largely influenced by global market trends, particularly the weakness in US exchanges, amid limited domestic catalysts.
“Given the current scenario, we maintain a negative outlook on the index and recommend a “sell on rise” strategy. However, individual stocks continue to present trading opportunities on both sides, and participants should adjust their focus accordingly,” said Ajit Mishra – SVP, Research, Religare Broking.
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Technology stocks led the Nasdaq Composite down over 1% on Monday, as concerns about AI technology demand intensified ahead of Nvidia’s results.
Asian equities began Tuesday cautiously following Trump’s restrictions on Chinese investments and tariffs on Canada and Mexico. US equities’ decline also affected market sentiment.
Gold remained near record levels on Tuesday, boosted by safe-haven demand amid concerns over Trump’s tariff policies and potential global trade tensions.
FPIs sold net Rs 6,287 crore on Monday, while DIIs purchased Rs 5,185 crore worth of shares.
FIIs’ net short position remained stable, moving from Rs 1.92 lakh crore on Friday to Rs 2 lakh crore on Monday.
