Stock market today: Sensex 150 points lower, Nifty below 22,450. What to expect?

Stock market today: Indian equity indices opened marginally lower today (April 2) after hitting a fresh record high in the previous session on April 1. The downward trend came amid declines in IT and financial stocks as BSE Sensex traded 166 points or 0.22% lower at 73,848 while Nifty50 was at 22,432, down 30 points or 0.13%. Nifty Smallcap100 rose by 0.5%, while Nifty Midcap100 surged by 0.34%.
IndusInd Bank, Tata Motors, Titan, and Reliance Industries opened with gains. Adani Ports rose 3.5% while Aditya Birla Fashion and Retail shares traded 15% higher after the company said that it was planning to demerge Madura Fashion & Lifestyle into a separate listed entity.
ICICI Bank, JSW Steel, Bajaj Finance, Wipro, and TCS opened with cuts in early trade.
Nifty IT declined by 0.5%, and Nifty Healthcare dropped by 0.36% while Nifty Auto, Media, Metal, PSU Bank, Realty, Consumer Durables, and Oil & Gas opened with gains.
Asian markets opened higher as MSCI Asia ex-Japan index added 0.69% while Wall Street equities closed mixed overnight.
Oil prices gained in early Asian trading as Brent futures for June delivery rose 37 cents to $87.79 a barrel and May contract for US West Texas Intermediate (WTI) crude futures rose 32 cents to $84.03 a barrel.