Nifty, Sensex Open Flat Amid Global Worries
Investors Cautious Due to US Budget and Russia-Ukraine Conflict
On Tuesday, June 3, Indian markets opened flat with slight gains. Investors stayed cautious amid rising global tensions and economic worries.
Nifty and Sensex Show Small Gains
The Nifty 50 started at 24,786.30. It rose by 69.70 points (0.28%). The BSE Sensex opened at 81,492.50. It gained 118.75 points (0.15%). These small moves show mixed feelings among investors.
Why Are Markets Nervous?
Several reasons caused worry today. The US is facing budget problems. The Russia-Ukraine war continues without a clear end. Trade and tariff rules around the world remain unclear.
Market expert Ajay Bagga said:
“Concerns about the US budget, global politics, and trade policies are keeping markets cautious. The US dollar is weaker. Oil prices are up. Manufacturing in the US and Europe is slowing.”
These issues make market moves hard to predict.
Sector and Index Performance
The Nifty Next 50 rose by 0.28%.
Nifty Financial Services gained 0.22%.
Both Nifty Midcap and Smallcap went up by 0.4%.
Among sectors, Nifty Realty led with a 0.7% gain.
Others in green: Nifty Pharma (+0.56%), Nifty IT (+0.37%), Nifty Auto (+0.3%), and Nifty Metal (+0.22%).
Expert Advice: Buy on Dips
VK Vijayakumar from Geojit said:
“Markets are trading in a range. It’s best to buy on dips. Volatility will continue due to global uncertainty. Investors should stay alert and buy when prices fall.”
Asian Markets: Mixed Results
Asian markets showed mixed results today.
Hong Kong and Taiwan gained nearly 1%.
Japan’s Nikkei rose slightly by 0.1%.
Singapore’s Straits Times slipped 0.1%.
South Korea’s KOSPI was closed for a holiday.
Kamal Haasan Backs Verdict in Anna University Sexual Assault Case
[…] Global Worries Keep Markets in Check; Nifty, Sensex See Little Movement […]