Indian stock market opens in red, signifying volatile trading session

Indian stock markets opened in the red on Tuesday indicating a volatile trading session during the day and a cautious approach of investors amid global uncertainties and mixed domestic cuesOn the opening of the trading session the BSE Sensex dropped 430 points to 8203820 Acting similarly on the other hand the Nifty 50 at the National Stock Exchange NSE declined about 05 per cent to 24956Stocks of Eternal Mahindra amp Mahindra and NTPC were the major losers in the NSEs opening hour of tradingObserving the sentiments of the investors in the Indian stock markets Ajay Bagga a Banking and market expert said Indian markets are showing a tepid start but given the Thursday expiry of the monthly derivative series expect volatility as we saw on Monday with both bulls and bears seeking to dominateHe said the Bank of Japan is hosting an annual meeting of economists and central bankers in Tokyo from today with economic worries and inflation overhang as this years key themesBagga said Asian markets are lacklustre at the open and direction will be sought this evening from the US marketsAkshay Chinchalkar Head of Research Axis Securities said The Nifty managed to close above the psychological 25000 level yesterday but as long as the previous high of 25116 is holding there is a small chance of a dip that holds 24462On Monday Nifty opened on a strong note at 24919 briefly touching an intraday high of 25079However initial gains were shortlived as the index slipped to the days low of 24900 The second half of the session remained largely rangebound with lacklustre movement keeping the index in checkOn the sectoral front notable strength was observed in IT Auto Metals Construction and Consumer Goods lending some support to the broader market sentimentGlobally investors mood looks mixed due to the geopolitical developmentsThe upcoming week from May 28 to 31 2025 is poised to deliver several significant economic releases across India the United States and China which could shape global market expectations and investor sentimentAs per the market experts the investors in the ongoing week will have attention on two key indicatorsOn May 28 the Industrial Production YoY data for April will be released offering insights into the countrys manufacturing momentum and economic activity the Bajaj Broking Research team added in its noteLater in the week on May 30 markets will look to the GDP Quarterly YoY figures a critical barometer of overall economic growth and resilience amid evolving domestic and global conditions the Bajaj Broking Research team further added in the noteFrom the United States the week kicks off with the release of the FOMC Meeting Minutes on May 28 which could provide deeper clarity into the Federal Reserves policy stance inflation outlook and rate trajectoryOn May 29 the market will digest the GDP QoQ data for Q1 alongside the latest Initial Jobless Claims both key indicators of economic health and labour market strengthThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoeveratOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params