Stock market today: Nifty50 opens in red ahead of RBI meet; BSE Sensex down 100 points

Stock marketplace today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened successful reddish up of the RBI monetary policy. While Nifty50 opened beneath 25,600, BSE Sensex was down implicit 100 points.

At 9:17 AM, Nifty50 was trading astatine 25,594.35, down 48 points oregon 0.19%.

BSE Sensex was astatine 83,203.83, down 110 points oregon 0.13%.Indian equity markets moved wrong a constrictive set connected Thursday, reflecting capitalist caution amid the lack of caller home triggers. Market participants mostly adopted a wait-and-watch approach, with analysts noting that benchmark indices continued to consolidate without establishing a wide directional trend.Analysts said the Nifty remained confined to a choky range, arsenic repeated attempts to prolong gains oregon widen declines failed to hold, indicating ongoing consolidation successful the market.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “There is simply a risk-off sentiment successful planetary markets. Bitcoin has crashed to beneath $ 64000. Silver is down to $71 from the caller highest of 121. Even the safe-haven golden has turned anemic contempt immense uncertainty successful planetary geopolitics.

The tech-heavy Nasdaq has been steadily weakening and is present 6% down from its peak. The selloff successful tech and AI stocks and a departure from AI commercialized would beryllium bully for India successful the medium-term, but for that further weakening of the AI commercialized is required.

So, ticker retired for the inclination successful AI stocks. FIIs again turning sellers successful India and expanding their abbreviated positions successful the derivative markets indicates further weakness successful the marketplace successful the near-term.”“A affirmative trigger for the marketplace successful the signifier of complaint chopped from the MPC is improbable contiguous since the MPC is expected to clasp rates. Any alteration successful the stance besides is unlikely. However the code of the argumentation tin beryllium dovish and the Central Bank whitethorn revise the maturation targets for FY27 upwards improving sentiments."Global marketplace cues were weak, adding to the cautious sentiment. S&P 500 futures declined 0.9 percent arsenic of 9:12 a.m. Tokyo time. Hang Seng futures slipped 1.4 percent, portion Japan’s Topix scale fell 1 percent. Australia’s S&P/ASX 200 dropped 1.6 percent, and Euro Stoxx 50 futures were down 1.1 percent.Foreign portfolio investors were nett sellers successful the equity market, offloading shares worthy Rs 2,150 crore connected Thursday. Domestic organization investors, however, provided support, emerging arsenic nett buyers to the tune of Rs 1,130 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)