3 weeks ago

Indian Markets Open Flat as Investors Eye US Inflation Data

Indian Markets Open Flat as Investors Eye US Inflation Data
Nifty opens flat as Titan, Tech Mahindra lead gains; markets eye US inflation data · thehindubusinessline.com

Imagine a big store where people buy and sell tiny pieces of companies, called stocks.

On Monday, India's two main stock counters started the day almost exactly where they ended last week, which is called opening flat.

This means prices did not move very much at the start.

A company that makes watches and jewellery, named Titan, was the best performer, and its price went up a little.

Some other companies, like one that makes cars and trucks, also went up slightly.

A few companies, including an insurance company, went down a little.

Everyone is watching quietly because important numbers about prices in America will be shared this week.

If those numbers show prices rising too fast, the American central bank might make borrowing money more expensive.

Investors want to see those numbers before making big decisions.

So for now, the market is taking a deep breath and waiting.

Key facts

Nifty 50
24,566.70 (down 0.02%)
BSE Sensex
78,466.72 (down 0.04%)
Top Gainer
Titan Company (+1.60%)
Top Decliner
HDFC Life Insurance (-0.85%)
RBI Repo Rate
Held steady at 5.25%
Fed September Rate Hike Probability
~42%, down from ~67%
Brent Crude
~$85 per barrel
Key Data This Week
US CPI on Wednesday, US PPI on Thursday

Quotes

Hariselvan Radhakrishnan

Founder and CEO of HST Wealth

“"...the return of foreign institutional investors, sustained buying by domestic institutions and another healthy quarter of corporate earnings have reinforced confidence in the durability of India's growth story."”
thehindubusinessline.com
“"...a fresh uptrend rally is possible only after the dismissal of 24,800/79,400. Above this level, the market could move up to 25,000/80,200."”
thehindubusinessline.com

Sources

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