Stock market today: Nifty50 opens below 24,800; BSE Sensex down over 200 points

Market experts anticipate consolidation amidst ongoing uncertainty regarding the India-US trade negotiations, Q1FY26 corporate results, and growing FII withdrawals. (AI image)

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was down below 24,800, BSE Sensex dipped over 200 points. At 9:19 AM, Nifty50 was trading at 24,782.75, down 54 points or 0.22%. BSE Sensex was at 81,240.22, down 223 points or 0.27%.Market experts anticipate consolidation amidst ongoing uncertainty regarding the India-US trade negotiations, Q1FY26 corporate results, and growing FII withdrawals.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Negative news and triggers have pushed the Nifty to a one-month low, and market sentiments continue to be unfavourable. While trade deals with Japan and EU, thought to be difficult initially, have happened, the much expected India-US trade deal is even now hanging fire. This has impacted market sentiments. The sharp cut in the IT index has been dragging the market down, and there is no respite in this in view of the 2% cut in its global workforce announced by TCS.” “However, midcap IT names hold promise in view of their strong growth prospects. FII selling of Rs 13552 crores in the cash market last week has added to the weakness in the market. Yet another concern is the Q1 results, which are not yet indicating any major positive surprises. Investors have to be cautious and stock-specific in this weak phase of the market. There is safety in largecaps banks like ICICI Bank and HDFC Bank which have come out with the best results in the segment with prospects of improvement going forward.“On Friday, the S&P 500 and Nasdaq achieved new peaks, driven by positive sentiment surrounding US-EU trade discussions and robust earnings reports from firms like Deckers Outdoor. Asian shares advanced and the euro strengthened on Monday following a US-EU trade deal that boosted confidence ahead of crucial Federal Reserve and Bank of Japan policy meetings.Gold prices dropped on Monday, reaching their lowest point in almost two weeks, after the US-EU trade framework agreement diminished interest in safe-haven investments.Crude oil prices increased on Monday following the US-EU trade agreement and potential extension of China tariff suspension, alleviating worries about economic slowdown and fuel consumption impact from possible higher duties.Foreign portfolio investors sold net shares worth Rs 1,979 crore on Friday, while domestic institutional investors purchased net shares worth Rs 2,139 crore.(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)