Stock market today: Nifty50 opens below 25,300; Sensex down over 500 points

Stock marketplace today: Nifty50 and BSE Sensex, the Indian equity benchmarks, opened successful reddish connected Friday. While Nifty50 went beneath 25,300, BSE Sensex was down implicit 500 points. At 9:16 AM, Nifty50 was trading astatine 25,274.65, down 144 points oregon 0.57%.

BSE Sensex was astatine 82,056.49, down 510 points oregon 0.62%.Analysts expect stock-specific movements to instrumentality centre signifier arsenic investors presumption themselves up of the Union Budget. Global and home marketplace cues constituent to a cautious, rangebound trading environment.US equities ended little connected Thursday, arsenic concerns implicit firm net and uncertainty astir dense investments successful artificial quality weighed connected sentiment.

The S&P 500 and the tech-focused Nasdaq slipped aft investors questioned whether monolithic AI-related spending by ample exertion firms would construe into sustainable returns.Early connected Friday, futures linked to the S&P 500 and the Nasdaq 100 were down astir 0.2 per cent. Technology stocks remained successful absorption aft Apple flagged that rising constituent costs could unit its margins, contempt reporting net that bushed marketplace expectations.

The banal posted marginal gains successful extended trade, portion Asian markets opened somewhat higher.Back home, overseas portfolio investors continued to trim exposure, selling equities worthy Rs 394 crore connected Thursday, according to provisional data. In contrast, home organization investors provided enactment to the market, purchasing shares valued astatine Rs 2,639 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)