Mumbai Stock Markets Open Flat with Minor Gains

On Tuesday, Mumbai’s stock markets opened flat with minor gains. The NSE Nifty 50 index rose by 40 points to 24,360, and the BSE Sensex increased by 180 points to 80,110.

Market Insights

Ajay Bagga, a banking and market expert, noted that markets are consolidating after reaching multiple all-time highs. He highlighted upcoming events like Fed Chair Powell’s testimony and corporate earnings as key market movers.

Top Gainers and Losers

The top gainers in the Nifty 50 list included Maruti with a gain of more than 3%, Cipla, Mahindra and Mahindra, Titan, and Britannia. The top losers at the opening included Shriram Finance, BPCL, Reliance, Axis Bank, and Grasim.

Global Market Trends

In the Asian markets, the Asia Dow rose 0.39%, Japan’s Nikkei 225 gained 0.71%, and Hong Kong’s Hang Seng marginally increased by 0.06%. Conversely, China’s Shanghai Composite declined by 0.93%.

Commodities and US Markets

In the commodities market, WTI crude traded at USD 72.31 (+0.11%), and Brent crude stood at USD 76.69 (+0.06%). The US Dollar Index climbed 0.09% to 104.97. The US markets closed with the S&P 500 and Nasdaq reaching record highs on Monday.