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The benchmark indices, Sensex and Nifty, are likely to see movement today, driven by multiple factors, including the release of Q1 earnings
Stock Market Today
Sensex Today: Indian benchmark indices opened on a flat note Monday as investors weighed key policy signals from China and monitored ongoing global trade developments.
At market open, the BSE Sensex was trading at 81,802, up 42 points or 0.06%, while the NSE Nifty50 slipped marginally to 24,966, down 3 points or 0.01%.
HDFC Bank, ICICI Bank, Tata Steel, and UltraTech Cement emerged as the top gainers on the Sensex. On the other hand, Reliance Industries (RIL), Axis Bank, M&M, Titan, and Infosys were among the major laggards.
In the broader market, sentiment remained subdued with the Nifty Midcap index down 0.34% and the Nifty Smallcap falling 0.26%.
Sectorally, Nifty IT dropped 0.64%, followed by Nifty Pharma down 0.42%, and Nifty Auto slipping 0.34%. Bucking the trend, Nifty Metal advanced 0.63%, offering some support to the overall market tone.
Global Cues
Global markets presented a mixed picture in early Monday trade. Asia-Pacific equities were uneven as investors evaluated policy signals from China and kept an eye on renewed global trade tensions. The People’s Bank of China maintained its key loan prime rates unchanged, with the one-year LPR holding steady at 3 per cent and the five-year LPR—used for mortgage pricing—unchanged at 3.50 per cent, in line with expectations aimed at supporting economic growth.
Trade worries resurfaced over the weekend after the White House reiterated its firm stance on tariffs. US Commerce Secretary Howard Lutnick stated on Sunday that August 1 is a “hard deadline” for countries to begin complying with new tariff requirements. However, he added that “nothing stops countries from talking to us after August 1.”
Regionally, equity markets moved in different directions. South Korea’s Kospi index gained 0.49 per cent, while Australia’s ASX 200 declined 1 per cent. Japanese markets remained closed due to the Marine Day public holiday.
US equity futures were marginally lower during early Asian hours as traders digested the weekend’s trade rhetoric and awaited key tech earnings this week. S&P 500 futures rose 0.06 per cent, Nasdaq 100 futures inched up 0.08 per cent, and Dow Jones Industrial Average futures added 24 points or 0.05 per cent.
Wall Street ended Friday on a subdued note. The Dow Jones Industrial Average fell 0.32 per cent to close at 44,342.19. The S&P 500 dipped slightly by 0.01 per cent to 6,296.79, while the Nasdaq Composite managed to edge higher by 0.05 per cent, finishing at 20,895.66.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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