Stock Market LIVE Updates: Sensex, Nifty Trade Flat Amid Global Cues and FII Pressure
The Indian stock market opened on a negative note on Monday, with the Nifty50 index trading below 25,400 and the BSE Sensex down over 450 points. The markets remained volatile throughout the day, with investors taking cues from global markets.
According to reports, weak global cues and foreign institutional investment (FII) pressure were cited as reasons for the downturn in Indian equities. FII is a major force in shaping the Indian stock market, with foreign investors buying or selling shares based on their investment strategies.
The Nifty50 index, which tracks the performance of the 50 leading stocks in India, started the day at 25,416 and dipped to 25,364 before recovering to trade around 25,500. The Sensex, which is a benchmark index for the Indian stock market, opened at 58,924 and declined to 58,474 before regaining some losses.
Metal stocks led the gainers in the Nifty50 index, with companies like Hindalco Industries, Tata Steel, and JSW Steel rising by up to 4.5% each. However, other sectors like consumer staples, healthcare, and finance remained in the red.
The stock market LIVE updates continued throughout the day, with investors watching for signs of a recovery. As the day progressed, the markets began to stabilize, and investors started taking positions in metals and financials stocks. The Sensex eventually closed at 58,743, down 450 points from its previous close.
In terms of sectoral performance, the Nifty50 metal index rose by up to 2.5%, while the Nifty50 consumer staples index declined by up to 1.3%. The Nifty50 healthcare index fell by up to 1.1%, and the Nifty50 finance index dropped by up to 0.9%.
Key Highlights:
\* Metals pack outshines, helping Nifty50 recover from losses
\* FII pressure cited as reason for downturn in Indian equities
\* Sensex closes at 58,743, down 450 points from previous close
\* Metal stocks lead gainers in Nifty50 index
With the markets showing signs of recovery, investors are now looking to the next set of earnings announcements to gauge the performance of Indian companies. As the day comes to a close, one thing is clear: the stock market LIVE updates will continue to be watched closely by investors and analysts alike.
