Markets Open Flat as Nifty Dips Below 23,150; Sensex Edges Lower
Markets Open Flat as Nifty Dips Below 23,150; Sensex Edges Lower
Indian benchmarks start cautious after a week of selling, with Nifty below 23,150 and Sensex down as oil jumps and foreign flows loom large.
Indian benchmarks started the week with a cautious tone as selling pressure from a previous week lingered. Nifty50 traded below 23,150 while the BSE Sensex moved lower by about 100 points, signaling a subdued start for domestic equities. The session kept traders on edge as oil prices jumped and foreign investors' flows remained in focus, nudging portfolios into a wait-and-watch mode. GIFT Nifty, the derivative gauge that signals the opening tone for the NSE, showed a positive bias, hinting at a possible relief rally if global cues cooperate.
In early trade, TOI data showed Nifty below 23,150 and Sensex around 100 points lower. But The Hindu’s early trade snapshot later showed a sharper move: Sensex down 179.31 points to 74,384.61 and Nifty down 53.1 points to 23,098, signaling renewed selling pressure after a three-day slump. The mood on the floor suggested investors were weighing oil movement against local earnings and policy expectations. On Friday, foreign institutional investors sold Rs 10,716 crore, underscoring caution amid risk-off sentiment and the ongoing tug-of-war between domestic drivers and global events.
With signals pointing to a possible rebound in the session ahead, traders are watching oil prices, foreign fund flows and any fresh guidance from policy makers. The day’s action reflects a market trying to find a balance after a week of declines, with cash indices hovering near key support levels and the mood leaning toward range bounds until clearer cues emerge.
