Markets slide as Nifty slips below 25,900, Sensex down over 350 points
Markets slide as Nifty slips below 25,900, Sensex down over 350 points
Indian benchmarks open red as Nifty breaches 25,900 and Sensex tumbles over 350 points, with services and realty dragging the market amid persistent outflows.
Indian equities opened on a weak note on Tuesday, with Nifty50 drifting below 25,900 while the BSE Sensex tumbled more than 350 points in early trade. Traders cited profit-taking and a cautious mood as indices pulled back from recent highs.
Sectors tied to domestic demand came under pressure, with services and realty names leading the decline and broad selling spreading to other pockets of the market. Technology and financial stocks also faced selling pressure as investors weighed risk and looked for clearer cues on global cues and domestic policy direction.
Foreign institutional investors continued to pull money from Indian equities, adding to the headwinds for local traders who are navigating heightened volatility. Market participants said the day’s action underscores the sensitivity of Indian stocks to fund flows and global risk appetite.
Looking ahead, traders will be watching for any fresh triggers from corporate earnings, macro data, and developments on the global stage. In the near term, volatility could persist as investors reassess risk and rebalance portfolios, awaiting clearer signals before committing fresh bets.
In summary, the session kicked off with a sharp pullback for Indian indices, reflecting a cautious mood among investors and the influence of foreign outflows on sentiment.
Cover image source: Equity markets decline in early trade dragged by services, realty stocks, FII outflows 🔗
