Market Opens in Red

Indian equity benchmark indices, BSE Sensex and Nifty50, opened lower on Thursday. The BSE Sensex dropped below 80,000, while Nifty50 was under 24,300. By 9:16 AM, the Sensex was at 79,924.90, down 192 points or 0.24%, and Nifty50 stood at 24,284.00, down 45 points or 0.18%.

Market experts anticipate further gains in Indian equities, supported by sustained buying interest and positive domestic factors.

Global Influences

US equities advanced as optimism grew regarding US-China trade relations, with President Donald Trump reassuring markets about Federal Reserve independence. Asian equities showed constrained movement, reflecting the global recovery momentum's slowdown amid unclear signals on Chinese tariff plans.

Commodities and Investments

Gold prices rose as investors sought buying opportunities after a one-week low, influenced by Trump's statements. Oil values slightly increased, recovering from a previous decline, as markets evaluated OPEC+ production increases against US-Iran negotiations.

Foreign portfolio investors turned net buyers, injecting Rs 3,333 crore, while DIIs divested shares worth Rs 1,234 crore. FIIs' net short position decreased significantly.