Indian Stock Market Dips: BSE Sensex and Nifty50 Open Lower Amid Global Economic Concerns

On Thursday, the Indian equity benchmark indices, BSE Sensex and Nifty50, opened in the red, signaling a cautious start to the trading day. The BSE Sensex was observed below 76,300, while the Nifty50 hovered near 23,100. At 9:16 AM, the BSE Sensex was trading at 76,271.04, marking a decrease of 134 points or 0.18%. Similarly, the Nifty50 was at 23,103.35, down by 52 points or 0.22%.

This downturn follows a day of heightened volatility on Wednesday, where Indian benchmark indices experienced a rebound, buoyed by better-than-expected results from a major private bank. Analysts are pointing to ongoing discussions about the US potentially lowering tariffs on China as a factor that may offer temporary relief to the markets. However, they caution that underlying concerns remain unresolved.

Stock market today: BSE Sensex opens in red; Nifty50 near 23,100

Mandar Bhojane, Research analyst at Choice Broking, highlighted, "On the upside, immediate resistance is now seen at 23,300, with a breakout above this level likely paving the way for targets of 23,600 and 23,800 in the near term."

Global Market Trends

Wall Street's indexes saw a rise on Wednesday, with the benchmark S&P 500 hitting an intraday record high. This surge was fueled by investor optimism over Netflix's quarterly report and President Donald Trump's announcement regarding private-sector artificial intelligence infrastructure investment.

In Asia, stocks experienced an uneven start, influenced by the US rally and the growing optimism around artificial intelligence spending. Meanwhile, gold prices held steady near their record high as investors awaited further direction from the new Trump administration on potential tax cuts and trade policies.

The dollar steadied against major peers, continuing its near paralysis of the past two days, as the market anticipates more concrete announcements on tariffs from U.S. President Donald Trump.

Foreign portfolio investors turned net sellers at Rs 4,026 crore on Wednesday, while DIIs bought shares worth Rs 3,640 crore. The net short of FIIs increased from Rs 3.49 lakh crore on Tuesday to Rs 3.5 lakh crore on Wednesday.