Stock market today: BSE Sensex opens over 300 points down; Nifty50 below 22,900

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex was down over 300 points, Nifty50 was below 22,900. At 9:18 AM, BSE Sensex was trading at 75,653.14, down 286 points or 0.38%. Nifty50 was at 22,863.10, down 70 points or 0.30%.
"The ongoing indecisiveness in the index is keeping participants on edge, and this volatility may persist on Thursday. We maintain our view of adopting a stock-specific approach, focusing on resilient sectors and themes, particularly those holding strong even during market downturns, and accumulating them gradually," said Ajit Mishra – SVP, Research, Religare Broking.
The Nifty 50 stayed under the 23,000-support mark but found consistent support near 23,800. The index could attempt to surpass 23,000 in upcoming sessions if positive indicators continue. Bank Nifty advanced today, settling just above 49,500, with 49,000 serving as immediate support.
US equities finished slightly higher on Wednesday, with the S&P 500 achieving its second consecutive record closing high as investors analysed the Federal Reserve's January meeting minutes and considered President Donald Trump's tariff proposals.
Also Check | Top stocks to buy today: Stock recommendations for February 20, 2025
Asian equities declined on Thursday after subdued trading on Wall Street, following Federal Reserve minutes indicating no immediate plans for interest rate reductions.
Gold prices increased slightly on Thursday, trading near record levels amid ongoing concerns about the U.S. President Donald Trump's tariff policies, which might trigger inflation and intensify global trade tensions.
Foreign portfolio investors registered net sales of Rs 1,881 crore on Wednesday, whilst domestic institutional investors purchased shares worth Rs 1,957 crore.
FIIs' net short position decreased from Rs 1.87 lakh crore on Tuesday to Rs 1.85 lakh crore on Wednesday.