Indian stock market opens lower on mixed global cues
Published on Apr 24, 2025
By IANS
- MUMBAI — The domestic benchmark indices opened lower on Thursday amid mixed
global cues, as selling was seen in the auto, metal and realty sectors in the
early trade.
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- At around 9.30 am, Sensex was trading 221.03 points or
0.28 per cent down at 79,895.46 while the Nifty declined 75.55 points or 0.31
per cent at 24,253.40.
-
- Nifty Bank was down 152.60 points or 0.28 per cent at
55,217.45. The Nifty Midcap 100 index was trading at 55,004.40 after declining
36.70 points or 0.07 per cent. Nifty Smallcap 100 index was at 16,980.60 after
climbing 10.85 points or 0.06 per cent.
-
- According to market watchers, "Nifty extended its
winning streak for the seventh day on April 23, closing strong, though today's
session may see heightened volatility as traders roll over April F&O
positions."
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- "Markets may find support amid RBI's benign inflation
outlook, renewed FII interest, easing Fed concerns, and improving US-China
trade sentiment. Nifty remains bullish above its 200-DMA (24,052) with an
upside target of 24,858. Preferred strategy: buy on dips," said Prashanth
Tapse, Senior VP (Research), Mehta Equities.
-
- Meanwhile, in the Sensex pack, Bajaj Finance, Bajaj
Finserv, Tata Motors, Maruti Suzuki, Hindustan Unilever Limited and SBI were
the top gainers. Whereas, Eternal, Infosys, HDFC Bank, Sun Pharma, ICICI Bank
and TCS were the top losers.
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- In the last trading session, Dow Jones in the US added
1.07 per cent to close at 39,606.57. The S&P 500 climbed 1.67 per cent
to 5,375.86 and the Nasdaq added 2.50 per cent to close at 16,708.05.
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- In the Asian markets, Japan and Jakarta were trading in
green. Whereas, Seoul, Hong Kong, Bangkok and China were trading in red.
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- The foreign institutional investors (FIIs) bought
equities worth Rs 3,332.93 crore on April 23. Meanwhile, domestic institutional
investors (DIIs) sold equities of Rs 1,234.46 crore on the same day.
-
- According to analysts, the PSU Banking segment is
expected to offer better entry opportunities upon further correction, while the
Railway stocks are gaining traction but one must wait for a clearer
confirmation before a decisive move.
