Indian equity markets opened in the red on Tuesday, tracking a sharp sell-off in global markets and a 140-point lower adjustment in Gift Nifty before the opening bell. The Nifty 50 started lower and extended losses, currently trading at 22,460.30, down 92.20 points (-0.41%), while the Sensex fell 217.41 points (-0.29%) to 74,115.17.
Global Market Weakness Weighs on Sentiment
The global equity rout continues to drag Indian indices down, with major international indices witnessing significant corrections:
US & European Futures (As of Pre-Market)
- Dow Futures: 41,720, -192 points (-0.46%)
- Nasdaq Futures: 19,180, -251 points (-1.29%)
- DAX Futures (Germany): 22,458, -168 points (-0.74%)
- FTSE Futures (UK): 8,548, -58 points (-0.68%)
Asian Market Performance
- Hang Seng Futures (Hong Kong): 23,333, -426 points (-1.79%)
- Taiex Futures (Taiwan): 21,801, -645 points (-2.88%)
- KOSPI (South Korea): 2,511, -59 points (-2.30%)
- Nikkei Index (Japan): 36,062, -824 points (-2.22%)
U.S. Market Performance (Previous Close)
- Dow Jones: 41,912, -890 points (-2.08%)
- Nasdaq: 17,468, -728 points (-4.00%)
Broader Market and Sectoral Performance in India
- Bank Nifty declined by 280.70 points (-0.58%) to 48,216.80, extending its weakness for the third straight session.
- Nifty Midcap 100 fell 161.85 points (-1.46%), reflecting increased profit booking in broader markets.
- FMCG stocks were the only sector in the green, while Realty, PSU Banks, and Auto stocks led the declines.
Market Outlook
With heightened volatility and global uncertainty, the next few sessions will be critical in determining market direction. If the Nifty manages to sustain above 22,200, a rebound could be expected; however, failure to hold this level may invite further selling pressure. Similarly, Bank Nifty must hold key support zones to regain strength.
Investors are advised to remain cautious, track global market trends, and monitor upcoming economic data for further cues.
Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to market risks, and past performance does not guarantee future results. Readers are advised to conduct their own research and consult with a professional financial advisor before making any investment decisions. Neither the author nor the publication holds any responsibility for any losses incurred due to decisions based on this content.
