Buy or sell: Ruchit Jain of 5paisa recommends buying Astral and Bharat Electronics stock this week
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Tuesday's session with some minor cuts amid muted global cues. On Tuesday, the 30-share BSE Sensex opened lower by 66.60 points or 0.09% at 72,723.53 level while the Nifty 50 opened at 22,090.20 level, down 31.80 points or 0.14%.
Asian markets started Tuesday's session with some losses following record-breaking advances last week, as traders await the release of new economic data this week that may provide a better indication of when central banks may cut rates. Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on February 27 The Sensex and the Nifty 50, ended Monday's session lower, dragged down by information technology (IT), metals, pharma, and bank stocks amid weak global cues ahead of key macro data.
IT stocks had a 1.17% decline ahead of a significant US inflation report that is expected to impact the Federal Reserve's future rate trajectory later this week. A sizable portion of IT businesses' income comes from the US.
In anticipation of significant inflation data later in the week, particularly from Europe and Japan, Asian markets remained muted. On Monday, the 30-share BSE Sensex ended lower by 352.67 points lower or 0.48% at 72,790.13 level while the Nifty 50 closed at 22,122.05 level, down 90.65 points or 0.41%.
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