Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was near 25,100, BSE Sensex was up over 70 points. At 9:16 AM, Nifty50 was trading at 25,096.55, up 27 points or 0.11%. BSE Sensex was at 81,862.72, up 77 points or 0.094%.Market experts anticipate continued consolidation whilst observing the US Fed’s decisions and developments in bilateral trade discussions between India and the US.Major US indices ended higher on Monday, with both S&P 500 and Nasdaq reaching new intraday peaks, as investors await this week’s crucial Federal Reserve meeting.Regional Asian indices showed subtle gains at opening following US markets’ record performance, ahead of an anticipated Federal Reserve rate reduction this week.Gold prices achieved a new record high on Tuesday, driven by declining dollar value before the Federal Reserve’s policy meeting this week, where expectations point towards reduced interest rates.The dollar traded close to a 2-1/2 month low against the euro and near a 10-month low against the Australian dollar on Tuesday, as traders solidified their expectations for Federal Reserve interest rate reductions this week and beyond.Oil prices remained stable in early Tuesday trading following previous session gains, as traders assessed potential Russian supply disruptions following Ukrainian drone strikes on refineries.Foreign portfolio investors purchased shares worth Rs 1,268 crore net on Monday. Domestic institutional investors were net buyers at Rs 1933 crore.(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 Times of India)
