Stock market today: Nifty50 near 25,000; BSE Sensex drops over 170 points

Stock marketplace today: Nifty50 and BSE Sensex, the Indian equity benchmarks, dropped successful opening commercialized connected Tuesday. While Nifty50 was adjacent 25,000, BSE Sensex was down implicit 170 points. At 9:17 AM, Nifty50 was trading astatine 25,017.50, down 31 points oregon 0.12%.

BSE Sensex was astatine 81,361.12, down 177 points oregon 0.22%.Last week, Indian equities remained nether unit arsenic anemic method signals, mixed planetary cues and rupee depreciation concerns weighed connected sentiment. Analysts warned that near-term weakness could persist aft the benchmark scale slipped beneath cardinal enactment levels.Commenting connected marketplace action, Rupak De, Senior Technical Analyst astatine LKP Securities, said the Nifty continued to commercialized beneath its 20-hour exponential moving mean connected Friday, indicating sustained weakness.

He noted that the scale besides closed beneath the 200-day moving average, signalling that bulls had failed to support an important semipermanent support.“As a result, short- to medium-term sentiment is apt to stay anemic arsenic agelong arsenic the scale trades beneath 25,500. On the downside, the diminution could widen toward 24,700 successful the abbreviated term,” De said.Wall Street ended higher overnight, with some the S&P 500 and the Nasdaq extending gains for a 4th consecutive league arsenic investors positioned themselves up of cardinal net from ample exertion companies and an upcoming Federal Reserve argumentation announcement.

Asian markets, however, traded little aft renewed tariff concerns emerged. Sentiment weakened aft President Donald Trump threatened to summation tariffs connected South Korean goods.On the home organization front, overseas organization investors were nett buyers connected Friday, purchasing equities worthy Rs 4,113.38 crore. Domestic organization investors besides remained positive, with nett purchases of Rs 4,102.56 crore.Meanwhile, unit connected the rupee added to marketplace unease. The section currency precocious touched a grounds debased of 92 against the US dollar connected January 23, a determination expected to rise the outgo of imports specified arsenic crude oil, electronics, overseas acquisition and overseas travel. The weaker rupee could besides intensify inflationary pressures, though exporters whitethorn spot immoderate benefit.So acold this month, the rupee has depreciated by 202 paise, oregon much than 2 per cent. In 2025, the currency had already fallen 5 per cent amid persistent overseas money outflows and a beardown US dollar.(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)