Stock market today: Nifty50 below 24,600; BSE Sensex down around 100 points

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was below 24,600, BSE Sensex was near 80,500. At 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.

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 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)

Stay informed with the latest business news, updates on bank holidays, public holidays, current gold rate and silver price.