Business: Indian stock markets opened lower on Monday, with the Nifty 50 index making marginal gains and the BSE Sensex falling slightly. Experts expected volatility to pick up this week due to major global events, including the US upcoming presidential election and the expected rate-cutting Federal Reserve meeting.

Market overview

After a brief gain on the Muhurat trading day, Indian markets faced further trading pressure. The Nifty 50 opened at 24,315.75 points, gaining just 11 points (0.05%), while the BSE Sensex fell 10 points (0.01%) to 79,713 points. Early trading showed a steady decline in both indices.

Expert insights on upcoming trends

Market analysts predicted significant volatility in the coming week due to several influencing factors. Ajay Bagga, banking and markets expert, highlighted four key issues: US. the presidential election on November 5, the Federal Reserve meeting on price fixing later this week, OPEC+ production decisions affecting oil prices and Warren Buffett's discretionary spending on Berkshire Hathaway. Bagga advised investors to exercise caution, saying, “Waiting on the sidelines is a good strategy in such times”.

Sector performance

Among regional indices of the National Stock Exchange, Nifty IT fell 0.57%, while other sectors saw gains in the opening session. Only nine stocks in the Nifty 50 stock list gained, with Mahindra & Mahindra leading with a 3% gain. In contrast, Sun Pharma, Bajaj Auto, Infosys and Adani Ports posted heavy losses.

Upcoming earnings announcement

Several companies, including Indian Railway Finance Corporation, IRCTC, Exide Industries, Raymond, Sundaram Finance and ABB India are announcing their quarterly results today, which could have a significant impact on market developments.