Indian Stock Market Today: Sensex, Nifty Open Flat Amid Mixed Global Markets, Key Levels to Watch

The Indian stock market opened on a cautious note today, with both Sensex and Nifty trading in a narrow range amid mixed global signals. Investors are eyeing the F&O weekly expiry and upcoming macroeconomic data, while global cues remain a key factor.

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Previous Session Recap

On Wednesday, the Sensex rose 304.32 points (0.38%) to close at 80,054.43, while the Nifty gained 0.54% to settle at 24,619.35, supported by buying across multiple sectors.

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Asian Market Performance

Asian markets showed mixed trends despite overnight gains on Wall Street:

• Japan’s Nikkei 225: ↓ 0.94%

• Topix Index: ↓ 0.64%

• South Korea’s Kospi: ↓ 0.17%

• Kosdaq: Flat

• Hong Kong’s Hang Seng Index: Slight gain

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Nifty Futures Signal Weak Start

Nifty futures were trading at 24,689, indicating a 23-point discount compared to the Nifty spot, suggesting a muted opening.

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Wall Street Update

US markets ended higher on Wednesday amid expectations of an interest rate cut in September:

• Dow Jones Industrial Average: ↑ 463.66 points (1.04%)

• S&P 500: ↑ 44.82 points (0.86%)

• NASDAQ Composite: ↑ 31.24 points (0.14%)

Apple shares gained 1.6%, while Microsoft fell 0.47%. CoreWeave stocks dropped 21%, whereas another major tech stock jumped 36.7%.

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Currency Market Trends

• US Dollar Index: Steady near multi-week lows

• Euro: ↑ to $1.1713

• British Pound: ↑ to $1.3586

• Japanese Yen: Greenback ↓ 0.3% to 146.95 yen

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Cryptocurrency Update

• Bitcoin: ↑ 0.9% to $124,457.12

• Ethereum: Trading at $4,784.67, highest since late 2021

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Gold Prices Rise for Third Day

Gold prices rose 0.5% to $3,372.03 per ounce amid expectations of a Fed rate cut. This marks the third consecutive day of gains.

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Crude Oil Prices Slightly Up

Crude oil prices remained near two-month lows:

• Brent Crude: ↑ 0.34% to $65.85/barrel

• WTI Crude: ↑ 0.30% to $62.84/barrel

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Outlook for the Day

Analysts expect Indian markets to remain range-bound ahead of the weekly F&O expiry. Global market trends, currency movement, and commodity prices will influence intraday sentiment.