Stock market today: Nifty50 opens flat near 26,150; BSE Sensex above 85,600
Market analysts anticipate consolidation with an upward trend, backed by RBI’s monetary policy, consistent domestic fund flows and growing likelihood of a US Federal Reserve rate reduction.US markets recorded moderate gains on Friday, influenced by economic indicators that strengthened predictions of a Federal Reserve rate reduction next week.
Post the 43-day governmental closure, investors evaluated delayed reports whilst examining secondary economic indicators.
Commerce Department data revealed September’s consumer spending, comprising over two-thirds of US economic activity, increased 0.3%, matching Reuters poll predictions, while August’s growth was adjusted downward to 0.5%.Asian equities began cautiously as investors assess worsening China-Japan diplomatic relations, many central bank announcements and overall risk asset prospects for the upcoming year.Crude oil prices remained at two-week peak levels on Monday, with investors anticipating a Federal Reserve interest rate reduction this week.On Friday, foreign portfolio investors recorded net sales of Rs 438.9 crore.
Domestic institutional investors showed net buys of Rs 4,189 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own.
These opinions do not represent the views of The Times of India)
