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Sensex Today: Benchmark Equity Indege BSE Sensex and Nifty50 were trading less on Monday, amidst an uncertain attitude for Indian markets.
Sensex today
Sensex today: The benchmark equity index BSE Sensex and Nifty50 were trading in red on Monday, amidst an uncertain market approach.
At 11 am, the BSE Sensex was 175.42 points or 0.23 percent, at 75,763.79, and the Nifty 50 was at 22,879.45 at 22,879.45, 49.80 points or 0.22 percent below.
Sensx and Nifty traded the day before recovering. At 09:16 am, the sensex was at 590.57 points, or 0.78%, at 75,348.64, and the Nifty was at 196.15 points or 0.86%, below 22,733.10.
Investors of the Indian stock market are expected to monitor global market movements and development in the international geopolitical scenario. This includes the new US administration to address the Russia-Ukraine conflict and the Middle Eastern issues, as well as to gauge the market direction, with the ongoing trend of foreign investors selling Indian equity.
The Indian markets have shut down for the last eight sessions.
The broad market cell-off was more clear, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices recorded more than two percent in the open.
Although all 13 sectoral index started in Red, some managed to trim the damage and became mild to positive. Nifty Realty, Nifty Auto and Nifty Media Index experienced the most decline, which fell between 1.5% and 2.5%. On the other hand, Nifty Pharma and Nifty It Index benefited.
There are some positive developments that can support markets: reducing geopolitical stress, with expectation that Russia-Ukraine may end the war; Cooling crude oil prices; A soft US dollar; And rising expectations that the Reserve Bank of India can cut its benchmark borrowing rate at the April MPC meeting.
The ongoing cell-off has pushed the country’s market capitalization to a low-lying level. The market capitalization of BSE-list companies has reduced by Rs 400 lakh crore for the first time since June 2024.
The earnings season for the December 2024 quarter ended, analysts have reduced the results, with the Pat pat growth of single-also for both Nifty and BSE 500. This has caused another round of downgrade, although less severe after the September quarter. ,
VK Vijaykumar, the main investment strategist at Geogit Financial Services, said the market underperforms are produced by a combination of high evaluation and recession in corporate income.
“The increase in earnings of a modest single-nails does not justify high evaluation. This tireless FII is the main reason behind the sale, which has affected the market. The appreciation of appreciation has only spoiled the situation, “he said,” a recovery in earnings and a weak dollar may reverse the trend below the market. This may happen soon, because India’s macros are strong and are on development and recovery of earnings. Horizon. ,
Looking forward, the performance of banking and IT sectors will be important in determining the direction of the market. Traders must accommodate their strategies, focus on business management, as suggested by Ajit Mishra, which is the SVP of research in religious broking. “While efforts remain to maintain a level of 22,800, the overall market structure suggests more negative risks.”
Global signal
On Friday, the Wall Street came close to reaching a new record high, which are ready to be implemented in the coming weeks, removing concerns about the tariffs of Wall Street Trump. S&P 500 abolished the flat, while Tech-Havi Nasdaq Composite grew by 0.4%, and Dow Jones Industrial Average slipped to 0.4%.
