Indian equity markets opened on a positive note, but soon faced selling pressure, with the Sensex declining 204.22 points (-0.28%) to 72,993.88, while the Nifty fell 52.70 points (-0.24%) to 22,072.00.
Market Overview
- Sensex opened at 73,427.65, touched a high of 73,649.72, and a low of 72,929.61.
- Nifty slipped below 22,100 after an initial uptick.
- Bank Nifty underperformed, dropping 367 points (-0.76%) to 47,977.55.
- Midcap index also in red, losing 67.15 points (-0.62%) to 10,703.60.
Key Market Trends
- Early gains were erased due to profit booking in banking and midcap stocks.
- Global market sentiment mixed, with volatility in Asian indices.
- Investors cautious ahead of key economic data releases and global cues.
Despite a strong opening, the markets turned volatile, with Bank Nifty and midcap stocks witnessing selling pressure. Analysts suggest that sectoral movements and institutional flows will dictate the market’s direction for the rest of the session.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult with a financial expert before making any investment decisions.
