Stock market today: BSE Sensex opens flat; Nifty50 above 24,150

Published On : 2024-11-27T11:38:35+0530 [ IST ] | Author : Mayur_Tembhare
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The current price movement indicates a temporary halt in the upward trajectory towards 24,770 – 24,800. (AI image)Stock market today: Indian equity benchmark indices BSE Sensex and Nifty50 opened flat in trade on Wednesday.

The domestic markets gave up initial gains on Tuesday following a two-day upward movement amid unfavourable global indicators. A positive development emerged as FIIs became purchasers after persistent selling across 38 trading sessions. However experts indicate that a definitive shift in FI

"Going forward the market is likely to consolidate in a broader range in absence of any major trigger in the near term but stock/sector specific action is likely to continue," said Siddhartha Khemka Head Research Motilal Oswal

The current price movement indicates a temporary halt in the upward trajectory towards 24,770 – 24,800 Sharekhan analyst Jatin Gedia suggests considering minor declines towards 24,070 – 24,050 as purchasing opportunities.

US stocks rose on Tuesday with technology stocks recovering as investors evaluated Trump's trade policies and Federal Reserve minutes.

Asian equities opened cautiously following Trump's tariff announcements Sydney showed gains while Tokyo and Seoul declined. US equity futures remained stable after the S&P 500's seventh consecutive rise achieving its 52nd record this year.

FPIs invested Rs 1,157 crore net on Tuesday while DIIs sold Rs 1,910 crore worth shares.

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Source : Reporters From Sunrise Chronicles

Tags : Tuesday , At , stocksydney showed gains whilst tokyo , Jatin Gedia , Wealth Management , Federal Reserve , equitiespersistent selling across 38 trading sessions , Workshop , tuesdaybse sensex bse sensexand nifty50 , Motilal Oswal ,

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