Stock Market Today: NIFTY50 and BSE Sensex, The Indian Equity Benchmark Indices, Opened in Green on Monday after a week of losses on D-Street. While Nifty50 was Near 24,700, BSE Sensex was up over 80 points. At 9:16 AM, nifty50 was trading at 24,691.10, up 36 points or 0.15%. BSE Sensex was at 80,510.74, up 84 points or 0.10%.This week has several data releases, with both local and international factors influencing market direction. IIP Figures and the RBI’s Monetary Policy will be crucial domestic factors, whilst September derivatives Expiry Cold Increase Market Flutuations.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited Says, “The market drifted down continuously during the last Six Trading Days Pulling the Nifty Beelow the 24800 Level, Which West Support Zone. Technically the market continues to be weak, but it has reacted oversold levels and therefore, a short-term bounce backs back is likely any time. However, if any rally is to sustain the market needs positive news particularly on the trade deal with the us. Therefore, the market focus will be on that. The monetary policy expected on October 1st is unlikely to surprise. The present growth-inflation dynamics do not warrant a rate cut. Therefore, The RBI is Likely to Hold Rates While Sending a Dovish Message to Support the Growth Momentum in the Economy. ““The weakness in the broader market is likely to sustain giving Cement.Us equities Finished Higher on Friday Before Important Inflation Data, Despite Weekly Losses that Ended Winning Runs For Both S & P 500 And Nasdaq. Market Participants Weighed Potential Federal Reserve Rate Reductions Against Economic Resilience and Upcoming Corporate Results.Regional Asian Equites Displayed Varied Movements at Opening, with Japanese Declines Balanced by Gains Elsewhere.Oil prices declined approximately 1% on Monday Following Kurdistan Region of Iraq’s Resumption of Crude Oil Exports through Turkey during the weekend. Additional, Opec+’S Planned Oil Production Increase for November Contributed to the Global Supply Expantion.Foreign Portfolio Investors Sold Shares Worth Rs 5,687 Crore on Friday, Whilst Domestic Institutional Investors Purchased RS 5843 Crore.(Disclaimer: recommendations and views on the stock market and other asset classes give by experts
