Stock market today: BSE Sensex opens over 400 points up; Nifty50 above 22,900

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex was up over 400 points, Nifty50 was above 22,900. At 9:16 AM, BSE Sensex was trading at 75,795.53, up 429 points or 0.57%. Nifty50 was at 22,935.10, up 106 points or 0.46%.
The extended trading week, due to the Budget 2025 presentation on Saturday, began negatively as the benchmark Nifty saw a substantial downward gap.
“In addition to selling pressure from FIIs, global market caution is adding to the downside momentum. We are now eyeing 22,700 as the next crucial support and its break would further deteriorate the situation,” said Ajit Mishra – SVP, Research, Religare Broking.
Nifty displays a negative short-term trend, with support at 22,700-22,650 levels. The 23,000 level serves as immediate resistance, according to Nagaraj Shetti of HDFC Securities.
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Nasdaq experienced its largest single-day decline since December 18, dropping 3.1%. The Dow rose 0.7%, whilst the S&P 500 fell 1.5%. Asian markets showed weakness, with Japan’s Topix declining 0.6%, whilst Hang Seng futures advanced 0.8%.
Asian equities declined as investors prepared for volatile trading on Tuesday, following significant losses in US markets amid concerns in the AI sector that had been driving market gains.
Gold prices strengthened on Tuesday as attention turned to the Federal Reserve’s initial meeting of 2025, whilst market participants analyse how US President Donald Trump’s policies might influence the central bank’s outlook on economic growth and inflation.
Foreign portfolio investors became net sellers at Rs 5,015 crore on Monday. Domestic institutional investors acquired shares worth Rs 6,642 crore.
FIIs’ net short position decreased from Rs 3.09 lakh crore on Friday to Rs 2.79 lakh crore on Monday.