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Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex opened over 100 points down, Nifty50 was above 24,650. At 9:16 AM, BSE Sensex was trading at 81,644.04, down 65 points or 0.080%. Nifty50 was at 24,667.35, down 10 points or 0.042%.
This week has crucial economic data releases, including GDP figures from the US, Japan, and UK, alongside China’s CPI and PPI, and India’s CPI.
Experts suggest that buying during price dips remains advantageous, with possibilities of reaching 25,500 in the near term. Brief corrections following strong advances are anticipated, reinforcing the benefits of purchasing during price declines.
Asian equities declined, led by South Korean markets on Monday, preceding numerous central bank meetings expected to reduce interest rates. US inflation data remains crucial for additional policy adjustments.
Oil traded mixed during early Asian hours on Monday, with Chinese demand concerns balanced by heightened Middle East tensions following Syrian President Bashar al-Assad’s removal.
The Canadian and Australian dollars received attention before their central bank meetings, whilst the euro and other primary currencies remained stable as traders assessed US dollar prospects.
Foreign portfolio investors sold net Rs 1,830 crore on Friday, while domestic institutional investors purchased Rs 1,659 crore worth of shares.
FII net short positions reduced from Rs 45,397 crore on Thursday to Rs 39,441 crore on Friday.
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