Market Opens in Red Amid Global Tensions

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was below 24,700, BSE Sensex dropped over 150 points. At 9:23 AM, Nifty50 was trading at 24,689.15, down 34 points or 0.14%. BSE Sensex was at 80,865.86, down 153 points or 0.19%.

Global Economic Indicators and Financial Results in Focus

Market participants are awaiting crucial global economic indicators, including US Services and Manufacturing PMI releasing today, alongside financial results from Bharti Airtel, Adani Ports, Prestige Estates, Bharti Hexacom, and Lupin, which could influence specific stock movements before the RBI's policy decision.

Trump's Tariff Announcement Shakes Markets

US President Donald Trump's fresh announcement of higher tariffs on India for the latter's continued purchase of Russia crude oil has added to market tensions. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump posted on Truth Social on Monday.

Global Markets Show Mixed Reactions

US equity indices registered their strongest daily percentage gains since May 27 on Monday, as investors purchased discounted shares following the previous session's decline. Asian stocks moved up at opening following bargain hunting and positive sentiment regarding interest rate reductions.

Commodities and Investments Trends

Gold prices advanced on Tuesday, continuing the upward trend from the previous three sessions. Oil prices remained stable on Tuesday following three consecutive days of decline. Foreign portfolio investors sold shares worth Rs 2,566 crore net on Monday, while domestic institutional investors purchased Rs 4,386 crore net.