Mumbai, June 23: The Indian stock market opened flat on Tuesday amid weak global signals. The Sensex started with a minor decline of 8.02 points at 77,086.05, while the Nifty fell by 31.60 points, opening at 24,071.30.
In the early session, mixed trading was observed in midcap and smallcap stocks. The Nifty Midcap 100 index showed a slight dip of 13 points, reaching 62,715, whereas the Nifty Smallcap 100 index gained 12 points, standing at 18,915.
Among the indices, Nifty Media, Nifty Pharma, Nifty Healthcare, Nifty India Defense, Nifty Realty, Nifty Energy, Nifty PSU, and Nifty Infra were in the green. Conversely, Nifty IT, Nifty Metal, Nifty Commodities, Nifty FMCG, Nifty Services, Nifty Private Bank, and Nifty India Manufacturing were in the red.
In the Sensex pack, notable gainers included Trent, Adani Ports, Sun Pharma, ICICI Bank, L&T, Power Grid, Bajaj Finserv, NTPC, Indigo, Axis Bank, BEL, and Bharti Airtel. On the other hand, losers included Infosys, TCS, HCL Tech, Tata Steel, Tech Mahindra, HUL, Asian Paints, Kotak Mahindra Bank, HDFC Bank, Maruti Suzuki, ITC, M&M, and Bajaj Finance.
Most Asian markets experienced declines, with Tokyo, Shanghai, Hong Kong, Bangkok, Seoul, and Jakarta all in the red. The US stock market closed mixed on Monday, with the Dow Jones up by 0.29% and the Nasdaq down by 1.32%.
The decline in global markets is attributed to falling AI-themed stocks and Israel’s attacks on Lebanon. However, US Vice President J.D. Vance noted progress in peace talks between the US and Iran during ongoing discussions in Switzerland.
Crude oil prices are also witnessing a decline. As of the time of writing, WTI crude was down by 0.24% at $73.66 per barrel, while Brent crude fell by 0.34% to $77.25 per barrel.
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ABS
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