Stock market today: BSE Sensex dips over 200 points in opening trade; Nifty50 near 24,000

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red in trade on Tuesday after Monday’s’ crash. While BSE Sensex dipped over 200 points, Nifty50 was shy of 24,000. At 9:17 AM, BSE Sensex was trading at 78,767.76, down 14 points or 0.018%. Nifty50 was at 23,997.05, up 2 points or 0.0071%.
The Nifty index experienced significant selling pressure at the week’s start due to concerns about potential global policy changes following the US presidential election outcome.
“We expect markets to remain subdued on the back of several global events, consistent FII selling and tepid earnings by domestic companies so far. This week will be crucial as lot of index heavy weight including will announce results and could lead to stock specific action,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal
US markets closed lower in volatile trading as investors await the presidential election and Federal Reserve’s policy announcement.
Asian markets showed weakness in early trading due to US election uncertainty and upcoming Fed decisions.
Oil prices decreased slightly as markets anticipate US election outcomes. No stocks are currently in F&O ban. FPIs sold shares worth Rs 4,329 crore while DIIs purchased Rs 2,936 crore.