Business

Market Watch: Nifty50 Dips Below 24,300 as BSE Sensex Falls Over 150 Points Amid Global Trade Tensions

Market Opens in Red

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened lower on Wednesday. Nifty50 fell below 24,300, while BSE Sensex was near 80,100, marking a slight decline in the early hours of trading.

Investor Sentiment and Institutional Investments

The market's resilience is notable, with Nifty up 5% in April despite global trade tensions. Sustained FII inflows, totaling Rs 37,325 crores in the last 10 sessions, have been a key support. Experts advise caution and suggest partial profit booking as a measure of abundant caution.

Global Market Influence

US equities finished higher, and Asian markets followed suit, reflecting resilience against economic slowdowns. Gold prices remained stable as traders awaited US inflation data, while oil prices dipped due to concerns over global economic growth.

Investment Strategies

With many stocks appreciating handsomely, investors are recommended to consider increasing the cash component in their portfolios. The importance of staying informed and making smart investment decisions cannot be overstated.

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