Indian stock markets opened on a weak note as the Sensex dropped over 200 points in pre-open trade, while the Nifty remained largely unchanged. Despite equity pressure, the Indian rupee strengthened by 24 paise against the US dollar to open around 90.46–90.47.
Markets Open Mixed Amid Global Uncertainty
Mumbai: The stock market opened on a weak note today. The Sensex fell over 200 points in the pre-opening session, while the Nifty saw little change. Early indications suggest that investors are cautious, and global cues are having an impact on the market.
Regarding the currency market, the Indian rupee opened strongly. The rupee strengthened by 24 paise against the US dollar to reach 90.46–90.47. This rise in the rupee is believed to be linked to foreign exchange inflows and a weakening dollar.
Experts believe that the market's direction during the day will depend on global trends, crude oil prices, and investor buying and selling. Investors are advised to exercise caution and invest wisely.
(...being updated)
