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Sensex Today: Benchmark equity indices BSE Sensex and Nifty50 were flat at open on Monday
Stock Market Today
Sensex Today: Benchmark equity indices, BSE Sensex and Nifty50, were trading higher on Monday despite weak global cues and uncertainties surrounding US tariffs.
At around 10:42 AM, the BSE Sensex rose by 310 points, or 0.42%, to reach 74,642.98, while the Nifty50 gained 80 points, or 0.35%, trading at 22,632.
Among sectoral indices, Nifty PSU Bank (down 0.40%), Nifty Auto (down 0.25%), and Consumer Durables (down 0.31%) were the underperformers.
On the other hand, Nifty Metal (up 0.82%), FMCG (up 0.82%), Financial Services (up 0.37%), and Realty (up 0.17%) were among the top gainers.
Global Cues
South Korean shares climbed on Monday, tracking Wall Street’s positive performance in the previous session, though gains were limited by a decline in steel manufacturers.
The benchmark KOSPI was up 11.41 points, or 0.45%, at 2,574.89, as of 0108 GMT.
Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.
Brent crude fell 25 cents, or 0.4%, to $70.11 a barrel by 0037 GMT after settling up 90 cents on Friday. U.S. West Texas Intermediate crude was at $66.76 a barrel, down 28 cents, or 0.4%, after closing 68 cents higher in the previous trading session.
S&P 500 futures dropped by 0.7% as of 9:10 a.m. Tokyo time, indicating a negative outlook for U.S. markets. Similarly, Hang Seng futures declined by 0.4%, and Japan’s Topix also saw a modest decline of 0.1%. On the other hand, Australia’s S&P/ASX 200 managed to gain 0.2%, bucking the overall trend. In Europe, Euro Stoxx 50 futures experienced a notable drop of 1.2%, signaling a weaker start for European markets. These movements reflect a cautious sentiment across global stock markets as investors weigh economic conditions and geopolitical developments.
