Stock Market Updates: Sensex Down 100 Points, Nifty Below 25,850; TMCV Drops 3%, Honasa Consumer Up 9%

Sensex Today: Indian stock markets opened on a muted note on Thursday, with benchmark indices BSE Sensex and NSE Nifty50 hovering around the flatline amid a lack of major triggers.

The Sensex was trading

at 84,405, down 114 points or 0.14%, while the Nifty50 slipped 26 points or 0.1% to 25,850.

In contrast, the broader markets edged higher, with the Nifty Midcap index rising 0.02% and the Nifty Smallcap index gaining 0.2%.

Global Cues

In Asia, markets traded higher following a choppy session on Wall Street. Investors continued to monitor developments in Washington amid growing optimism that the US government could reopen by the end of the week. Japan’s Nikkei 225 was up 0.4%, South Korea’s KOSPI gained 0.3%, while Hong Kong’s Hang Seng slipped 0.2%.

On Wall Street, major indices ended mixed on Wednesday as investors rotated out of high-valued technology stocks and focused on the possible resolution of the prolonged US government shutdown. The House of Representatives was preparing to vote on a temporary funding bill aimed at reopening the government, marking the potential end of the longest shutdown in US history.

Overnight, the S&P 500 ended flat with a slight positive bias, the Nasdaq Composite fell 0.26%, and the Dow Jones Industrial Average advanced 0.68%.