Stock market today: Nifty50 opens in red; BSE Sensex below 84,950

Stock marketplace today: Indian equity benchmark indices, Nifty50 and BSE Sensex, continued their descent connected Thursday. While Nifty50 was conscionable supra 26,100, BSE Sensex went beneath the 84,950 mark. At 9:17 AM, Nifty50 was trading astatine 26,119.40, down 21 points oregon 0.082%.

BSE Sensex was astatine 84,919.74, down 41 points oregon 0.049%.Indian equity markets are expected to enactment range-bound successful the adjacent term, with analysts pointing to profit-taking astatine elevated levels adjacent arsenic stock-specific enactment continues connected the backmost of third-quarter concern updates.Global cues remained mixed overnight. In the United States, the S&P 500 closed little connected Wednesday arsenic losses successful fiscal heavyweights specified arsenic JPMorgan and Blackstone weighed connected the index.

However, gains successful Nvidia and Alphabet helped the Nasdaq extremity higher, reflecting a rotation by investors towards artificial intelligence-linked stocks.Asian markets extended their diminution for a 2nd consecutive league connected Thursday, with a caller record-setting rally losing momentum. Bond markets were steadier, with US Treasuries holding connected to gains made during the erstwhile league aft mixed economical information from the United States.

Back home, organization enactment remained divergent. Foreign portfolio investors were nett sellers of equities worthy Rs 1,528 crore connected Wednesday, portion home organization investors provided enactment by purchasing shares worthy Rs 2,889 crore, according to marketplace data.(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)