Stock market today: The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open in the red on Wednesday, 9 September, amid mixed global cues.
The domestic equity indices ended lower in the previous session, with the benchmark Nifty 50 closing below 23,700 level.
The Sensex dropped 555.23 points, or 0.73%, to close at 75,577.58 , while the Nifty 50 settled 144.05 points, or 0.61%, lower at 23,635.10.
The Gift Nifty Live Chart shows a negative start for the Indian stock market today. By 7:02 AM, the Gift Nifty was trading around the 23,663 level, a discount of 87 points from the Nifty futures’ previous close of 23,749.60.
Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, said Indian equities are likely to open with a gap-down, with GIFT Nifty signalling a weak start as Brent crude approaches the $100-a-barrel mark and escalating tensions in the Middle East continue to weigh on global risk appetite. A weak Wall Street close has added to the cautious tone. Beyond the opening, the market's response around the 23,600 level will be critical in determining whether selling extends towards 23,500 or bargain buying triggers a recovery towards the 23,750-23,800 zone.