Indian benchmark indices opened the day in the red. The Nifty 50 opened at 24,297.95, while the Sensex opened at 80,666.26. In the early trade, the Nifty 50 recovered its losses and jumped above 24,350.
The index closed the previous session at 1,941.35 points, down from its record high of 26,277.35. Dr Reddy's Laboratories and Sun Pharma were among the top Nifty gainers, and their surge helped the pharmaceutical pack trade in the green.
Sentiment Influenced by Global Markets
US markets closed lower overnight, and Asian equities wobbled in early Monday trades, reflecting uncertainty among investors globally. Investors awaited the US Federal Reserve policy decision, which is due after markets close today evening (IST). This decision may have effects on Thursday's session. The Bank of Japan's monetary policy decision is awaiting scheduled for ThReserve'saffect
Stocks in Focus, IPO Listings
The shares of Vishal Mega Mart, Mobikwik, and Sai Life Sciences will hit the bourses on Tuesday amidst huge market interest.
Key stocks to watch include Aurobindo Pharma, JSW Energy, Ambuja Cements, Exide Industries, Aditya Birla Real Estate, and Edelweiss Financial. Insurance stocks are also on the radar; potential movements due to broader market trends are expected. Stay tuned for more live updates on the stock market!
