Market Overview

Today, the Indian equity benchmark indices, Nifty50 and BSE Sensex, opened flat. Nifty50 was below 24,600, while BSE Sensex hovered near 80,500. By 9:18 AM, Nifty50 was trading at 24,569.75, down 15 points or 0.062%. BSE Sensex was at 80,513.49, down 91 points or 0.11%.

Analysts anticipate steady market conditions whilst monitoring developments regarding US tariffs and the results of the scheduled US-Russia discussions this week.

Global Market Influence

US equities declined on Monday as investors awaited inflation data to evaluate interest rate prospects. Recent changes at the US Federal Reserve and indicators of labour market softening have led investors to anticipate a potential shift towards accommodative monetary policy later this year.

Asian equities began higher on Tuesday, with investors remaining prudent ahead of crucial US inflation data that could influence Federal Reserve's interest rate decisions.

Oil Prices and Investor Activity

Oil prices increased on Tuesday after the US and China agreed to maintain current tariff levels, reducing worries that their trade dispute would affect economies and fuel consumption in these major oil-consuming nations.

Foreign portfolio investors sold shares worth Rs 1,202 crore on Monday, whilst domestic institutional investors purchased Rs 5,972 crore worth of shares.

Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.

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