Sensex slips over 100 points, Nifty50 falls below 25,700 mark
Indian stock markets opened lower on Monday, with Nifty50 dropping below 25,700 and Sensex falling over 100 points.
The dip follows mixed signals from global markets and a shorter trading week ahead.
Investors are keeping an eye on new economic data—October's HSBC Manufacturing and Services PMI—for clues about where India's economy is headed.
What's happening globally?
If you're tracking investments or just curious about market vibes, here's what's up:
US stocks got a boost from Amazon's earnings but stayed cautious thanks to uncertainty around Federal Reserve rate cuts.
Asian markets were split—South Korea was up, Australia was down, and Japan took a holiday—showing that no one's really sure which way things are going globally.
Key trends in Indian markets
Foreign investors pulled out ₹6,769 crore from Indian shares recently, while domestic institutions actually bought more than that amount.
Oil prices climbed after OPEC+ decided not to pump more oil for now, and gold slipped as the dollar strengthened.
All these trends together are making for a cautious start in India's markets this week.