Stock Market Updates: Sensex Down 200 Points, Nifty Below 24,650; IndusInd Drops 2%

Stock Market Updates: Sensex Down 200 Points, Nifty Below 24,650; IndusInd Drops 2%

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Indian stock markets are likely to be influenced today by a combination of domestic and global factors

Stock Market Today

Sensex Today: Indian benchmark equity indices BSE Sensex and Nifty50 were muted at market open on Thursday, amid mixed global cues and a lack of major domestic triggers.

At opening bell, the BSE Sensex was lower by 91.38 points, or 0.11 per cent, at 81,239.18, and the Nifty50 was at 24,688.30, ahead by 21.40 points, or 0.09 per cent.

Indian stock markets are likely to be influenced today by a combination of domestic and global factors, including the ongoing fourth-quarter earnings season, trends in international markets, and trading activity by foreign institutional investors. Adding to the anticipation is a scheduled speech by US Federal Reserve Chair Jerome Powell, which investors will watch closely for any indications on the future course of US interest rates.

Global Cues

Across the Asia-Pacific region, markets were largely trading in the red due to muted global cues. Japan’s Nikkei 225 fell 1.09%, while the Topix slipped 1.04%. In South Korea, the Kospi was down 0.24%, and the Kosdaq dropped 0.66%. Australia’s S&P/ASX 200 saw a marginal decline of 0.07%, while Hong Kong’s Hang Seng index retreated 0.5%. China’s CSI 300 also fell, down 0.93%.

Overnight in the US, equity indices ended mixed. The S&P 500 rose 0.10% to close at 5,892.58, and the Nasdaq Composite climbed 0.72% to settle at 19,146.81. However, the Dow Jones Industrial Average slipped 0.21% to finish at 42,051.06.

US stock futures were also trading lower in early Asian hours. S&P 500 futures were down 0.19%, Dow Jones futures declined 0.39%, and Nasdaq futures fell 0.11%, indicating a cautious start ahead of Powell’s remarks.

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