Indian Share Market Opens Lower, Following Asian Stock Market Weakness

The Indian stock market opened lower on Thursday, following a decline in Asian stock markets. The Nifty 50 index fell by nearly 60 points, the BSE Sensex lost over 200 points, and the Bank Nifty dropped by approximately 170 points. The decline in Asian equity markets was triggered by concerns over the outlook for the technology sector after Meta Platforms Inc. reported disappointing results. Experts from Anand Rathi believe that the Indian stock market will remain positive as long as the Nifty 50 index stays above 22,200 to 22,250. They recommend buying stocks such as IndusInd Bank, Federal Bank, and GAIL.

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