Indian Stock Market Faces Weak Open Amid Global Cues, Profit Booking in Focus

Nifty50 and BSE Sensex, India’s key equity indices, opened in the red on Tuesday, reflecting weak global market cues. At 9:24 AM, Nifty50 was trading at 26,152.25, down by 24 points or 0.09%, while BSE Sensex stood at 85,523.64, down 118 points or 0.14%. The markets have taken a breather, with profit booking being the focal point after recent record highs. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that the market is consolidating around these new highs before a potential breakout.