New Delhi, July 8 -- The Indian stock market is expected to open lower on Tuesday, following weak global market cues, after the US President Donald Trump announced steep tariffs on 14 countries, effective August 1. The trends on Gift Nifty also signal a weak opening for Sensex and Nifty 50.
On Monday, the domestic equity market ended flat. The Sensex gained 9.61 points, or 0.01%, to close at 83,442.50, while the Nifty 50 settled 0.30 points higher at 25,461.30.
On the Nifty options front, Chandan Taparia, Head - Derivatives and Technicals, Wealth Management, MOFSL, said that the maximum Call OI (Open Interest) is at 25,500 then 26,000 strike, while maximum Put OI is at 25,400 then 25,300 strike.
"Call writing is seen at 25,500 then 25,...
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