Indian equity markets opened on a weak note on Thursday, with all major indices trading in the red amid global uncertainties and profit-booking pressures. As of 10:05 AM, the indices reflected broad-based declines:
- Sensex: The benchmark index fell by 482.90 points (-0.61%) to trade at 78,735.15.
- Nifty 50: The index shed 131.55 points (-0.55%) to trade at 23,820.15, slipping below the key psychological level of 23,850.
- Bank Nifty: Banking stocks faced the sharpest decline, with the sectoral index down 424.85 points (-0.82%) to 51,150.85.
- Midcap Nifty: The midcap segment also faced pressure, dropping 46.50 points (-0.36%) to 12,980.70.
The decline comes amid mixed global cues and subdued sentiment across Asian markets. Investors appear cautious, focusing on upcoming economic data and global monetary policy trends. Banking and financial stocks led the losses, while midcaps showed relative resilience.
Stay tuned for more updates as the trading session progresses.
Disclaimer: This report is for informational purposes only. Investments in the stock market are subject to risks. Please consult a certified financial advisor before making any investment decisions.
