Markets will focus on the final HSBC Manufacturing and Services PMI readings, which will indicate domestic economic performance. (AI image)

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on weak global cues. While Nifty50 was below 25,700, BSE Sensex was down over 200 points. At 9:17 AM, Nifty50 was trading at 25,662.30, down 60 points or 0.23%. BSE Sensex was at 83,709.87, down 229 points or 0.27%.In this holiday-shortened trading week, markets will focus on the final HSBC Manufacturing and Services PMI readings, which will indicate domestic economic performance.US stock market indices finished higher on Friday, supported by Amazon’s optimistic earnings forecast. However, gains were limited as investors remained cautious about potential delays in Federal Reserve rate reductions.Asian markets showed mixed performance with South Korean shares advancing whilst Australian markets declined. Japanese markets and Treasury cash trading remained closed for a holiday.Oil prices increased during early trading on Monday after OPEC+ announced its decision not to increase production in 2024’s first quarter, reducing concerns about excess supply.Gold prices decreased on Monday due to a stronger dollar, as investors reduced expectations of Federal Reserve rate cuts following Chair Jerome Powell’s strict comments last week. Foreign portfolio investors sold shares worth Rs 6,769 crore net on Friday. Domestic institutional investors were net purchasers at Rs 7,048 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)