Stock market at present: BSE Sensex dips 200 points to below 74,000 stage; Nifty50 near 22,400


Stock market at present: BSE Sensex and Nifty50, the Indian inventory market indices, dropped in commerce on Tuesday after a constructive begin to the fiscal yr yesterday. While BSE Sensex dipped 200 points, Nifty50 was shut to 22,400. At 9:22 AM, BSE Sensex was buying and selling at 73,812.93, down 202 points or 0.27%. Nifty50 was at 22,421.35, down 41 points or 0.18%.
Indian inventory markets started the brand new fiscal yr on a constructive observe, reaching new all-time highs.Investors are eagerly anticipating the upcoming RBI financial coverage announcement this week, with expectations of a established order determination however a deal with the accompanying commentary from the central financial institution.
Siddhartha Khemka, Head of Retail Research at Motilal Oswal has stated that the market is poised to maintain its upward momentum, albeit with potential volatility due to upcoming elections and This autumn earnings releases this month.
Despite dealing with a vital hurdle round 22,500 ranges, Nifty’s total chart sample stays constructive, in accordance to Nagaraj Shetti of HDFC Securities, who believes any consolidation or dip might current a shopping for alternative.
In the US, the Dow and S&P 500 skilled slight declines on Monday, influenced by considerations concerning the timing of US Federal Reserve rate of interest cuts following sturdy manufacturing knowledge. The Dow dropped by 0.6%, the S&P 500 dipped by 0.2%, whereas the Nasdaq rose by 0.1%.
Asian markets opened cautiously on Tuesday, as strong US knowledge bolstered expectations of a gradual strategy by the Federal Reserve to price cuts.
The US greenback remained near a 4.5-month excessive towards main currencies on Tuesday, as merchants adjusted expectations for the timing of the Federal Reserve’s first price minimize. Oil costs rose in early Asian buying and selling, supported by indicators of elevated demand and escalating tensions within the Middle East.
In F&O buying and selling, no shares had been positioned within the ban class for the day. Foreign portfolio buyers offered shares price Rs 522 crore on Monday, whereas home institutional buyers bought shares price Rs 1,208 crore. The rupee strengthened by 0.07 paise towards the US greenback on Monday, influenced by constructive fairness market efficiency.
Foreign institutional buyers diminished their web quick place from Rs 23,851 crore on Thursday to Rs 21,587 crore on Monday.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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