The Indian stock market opened almost flat on Tuesday. The Nifty50 index was just below 24,600, while the BSE Sensex was close to 80,500. At 9:18 AM, Nifty50 was at 24,569.75, down by 15 points (0.06%), and BSE Sensex was at 80,513.49, down by 91 points (0.11%).
Experts expect the market to stay steady as they watch for important updates. This week, talks between the US and Russia are scheduled, and investors are also keeping an eye on US tariffs.
On Monday, US stock markets fell as investors waited for inflation data to understand what might happen with interest rates.
Read more: Stock Market Today: Nifty50 and Sensex Start the Week in Green — Track Updates and Key Market Trends
Recently, changes at the US Federal Reserve and signs of a weaker job market have made investors hopeful that interest rates might be lowered later this year.
Asian stock markets started higher on Tuesday, but investors are cautious as they wait for key US inflation numbers that could affect the Federal Reserve’s decisions on interest rates.
Oil prices went up after the US and China agreed to keep their tariffs the same. This eased worries that their trade conflict would harm the economy or reduce oil use in these big oil-consuming countries.
Also See: Donald Trump’s 50% Tariffs on India Cause Anger; Calls to Boycott US Brands Grow
On Monday, foreign investors sold shares worth Rs 1,202 crore, while Indian institutional investors bought shares worth Rs 5,972 crore.
