Kamal Ghorui
Stock market today: After a week of selloff, Nifty50 and BSE Sensex opened flat in trade on Monday. While Nifty50 was below 23,150, BSE Sensex was down around 100 points. At 9:17 AM, Nifty50 was trading at 23,127.30, down 24 points or 0.10%. BSE Sensex was at 74,472.58, down 91 points or 0.12%.Market analysts expect volatility to remain high in the near term as geopolitical tensions in West Asia continue to disrupt the energy sector and push crude oil prices higher. Uncertainty surrounding shipping routes through the Strait of Hormuz has also kept investor sentiment fragile. Asian markets rose on Monday after oil prices erased earlier gains as investors attempted to stabilize following the US strike on Iran’s main export hub. The dollar also weakened during the session.Oil prices slipped on Monday following a call by US President Donald Trump urging other countries to help safeguard the Strait of Hormuz, a crucial route for global oil and gas shipments.Gold prices were steady after recovering from an earlier drop of nearly 1%. US stocks closed lower on Friday, ending a volatile week during which sharp swings in crude oil prices repeatedly unsettled equity markets. In Indian markets, foreign portfolio investors remained net sellers, offloading shares worth Rs 10,716 crore on Friday. Domestic institutional investors provided some support as they were net buyers of equities worth Rs 9,977 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
