Stock Market Today: Despite muted global indications, Nifty and Sensex likely to open flat with spotlight on RIL, ICICI Bank

Stock Market Today: In the absence of strong global cues, domestic indices have a flat opening. In the early morning trade, the Nifty futures on the Singapore Exchange (SGX) were trading 49 points or 0.28% higher at 17,688.5. Asian markets were trading in a varied manner, with the Shanghai Composite Index of China falling by 0.08%, the KOSPI of South Korea falling by 0.54%, the Hang Seng of Hong Kong rising by 0.06%, and the Nikkei 225 of Japan gaining by 0.28%.

Crude prices slip

The promise of fewer supplies due to OPEC+ supply cutbacks overshadowed support for oil prices, which saw a decline on Monday as worries about increasing interest rates, the state of the global economy, and the outlook for fuel demand exceeded it. By 00:45 GMT, Brent crude had fallen 48 cents, or 0.6%, to $81.18 per barrel, while U.S. West Texas Intermediate crude had also fallen 48 cents, or 0.6%, to $77.39 per barrel.

Stock Market Today: No stocks under F&O ban today

The National Stock Exchange's F&O prohibition list for April 24 does not include any equities. Stocks are not permitted in the F&O sector, according to the NSE, when their holding exceeds 95% of the MWPL (market-wide position limit). No new positions are allowed for F&O contracts in that stock during the F&O ban period.

Bank Nifty likely to pave way

Bank Nifty is probably going to open the door for 41700-41500, which, if firmly broken, would continue that slide for 41200, which is close to the 21-week EMA. The positive trend will return for the price range of 43100–43500, according to Master Capital Services Ltd. Senior Vice President Arvinder Singh Nanda.

Stock Market Today: US Market Update

The Dow Jones Industrial Average (DJIA) increased by 0.07%, the S&P 500 up by 0.07%, and the tech-heavy Nasdaq increased by 0.11% as the US market concluded Friday's session unchanged. The NSE Nifty 50 closed at 17,624.05 on Friday, and the BSE Sensex increased by 22.71 points, or 0.04%, to 59,655.06. Nifty IT increased 184.95 points or 0.69% to 26,822.10, and Nifty Pharma increased 60.5 points or 0.48% to 12,545.75, according to sectoral indexes. Bank Nifty decreased 151.5 points or 0.36% to 42,118.00.

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