Indian markets opened lower today, with Nifty slipping below the 22,000 mark and opening at 21,974.45, down 144.85 points (-0.65%) from the previous close of 22,119.30. Sensex also declined, opening at 72,817.34, down 268.60 points (-0.37%), reflecting weak global sentiment.
The sharp decline is attributed to escalating trade tensions, with US imposing 20% tariffs on China and Canada retaliating with 25% tariffs on US imports worth C$30 billion. Uncertainty over further countermeasures from Mexico and China has added pressure on global equities.
Sector-wise, export-driven IT and auto stocks face pressure due to rising trade barriers, while metals and commodities stocks remain volatile. Banking stocks also opened lower amid broader market weakness.
Investors are now closely watching global developments and policy responses as market volatility remains high.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
