Stock market today: BSE Sensex opens over 100 points down; Nifty50 near 24,450
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex declined over 100 points, Nifty50 was near 24,450. At 9:16 AM, BSE Sensex was trading at 80,265.63, down 113 points or 0.14%. Nifty50 was at 24,438.35, down 46 points or 0.19%.
On Wednesday, Indian equities experienced robust gains for the second consecutive day, influenced by Donald Trump's victory in the US election.
"Markets will be reacting on Friday to the US Fed and BOE interest rate decision tomorrow. There is an expectation of a 25bps rate cut by the Fed committee. We expect markets to see a near term bounce back due to positive sentiments globally," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.
