Stock market today: Nifty50 opens in red, goes below 25,100; BSE Sensex down over 200 points – OXBIG NEWS NETWORK-OxBig News Network

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was below 25,100, BSE Sensex was down over 200 points. At 9:18 AM, Nifty50 was trading at 25,095.20, down 55 points or 0.22%. BSE Sensex was at 82,291.51, down 209 points or 0.25%.Market experts indicate that ongoing uncertainty in trade talks could maintain markets in a consolidative phase.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Nifty has been exhibiting weak trend weighed mainly by the weakness in the IT stocks. This weakness may persist particularly since the FIIs were big sellers in the cash market last Friday. It is important to note that banking and financials are outperforming even in this weak market. This trend may persist. The market has already discounted the NIM compression for banking stocks expected in Q1 results. Therefore, dips in banking stocks will provide opportunities to buy.”“Market is expecting a US- India trade deal soon with a tariff rate of around 20% for India. If this happens the market will get a sentimental boost. Any disappointment on this front can drag the market further down.”US equities declined on Friday, with Meta Platforms leading the downturn, as heightened trade concerns worried investors. The market mood deteriorated after Donald Trump announced plans for a 35% duty on Canadian imports beginning next month.Asian equities declined on Monday, influenced by falling US futures, as recent US tariff threats created market uncertainty. However, the impact remained contained as investors viewed the presidential rhetoric as potentially temporary.Gold reached a three-week peak on Monday, driven by investors seeking safe-haven assets following US President Donald Trump’s announcement of potential 30% tariffs on European Union and Mexican imports.Oil prices showed modest gains on Monday, building upon Friday’s 2% increase, as traders assessed potential US sanctions on Russia and their impact on global supply. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The OXBIG NEWS NETWORK)