Stock market today: Nifty50 opens in red; BSE Sensex down over 250 points

Group 1 - Market observers anticipate sustained upward movement in the Indian market, supported by enhanced earnings performance, robust domestic economic indicators, and a consistent policy framework [2][3] - Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, identifies three favorable factors for the ongoing market rally: a potential US-India trade deal, the fading AI trade benefiting India, and improving fundamentals reflected in growth resilience and rising earnings [2][3] - Foreign Institutional Investors (FIIs) turning buyers is seen as a positive sign, although it is too early to confirm this as a trend [2][3] Group 2 - The Indian equity benchmark indices, Nifty50 and BSE Sensex, opened lower, with Nifty50 trading below 25,950 and BSE Sensex dropping over 250 points [3] - Foreign portfolio investors purchased shares worth Rs 442 crore net, while domestic institutional investors acquired Rs 1,466 crore net on Monday [3] - The GST cut-triggered boom in consumption is cited as a justification for market optimism, but sustaining the market rally will depend on the continuation of this consumption boom [2][3] Group 3 - US stocks experienced notable declines, with the S&P 500 and Nasdaq falling below crucial technical levels for the first time since late April, as investors awaited retail sector results and Nvidia's performance [3] - Asian equities started lower following the US market declines, as investors reduced risk exposure ahead of Nvidia Corp.'s financial results and crucial US employment data [3] - Gold prices continued to decline for the fourth consecutive session, influenced by a strong dollar and reduced likelihood of US interest rate reductions next month [3]