Indian stock markets opened lower today as financial and IT sectors faced selling pressure. The BSE Sensex fell by approximately 0.18% to 72,158.10 points, and the NSE Nifty50 declined by 0.10% to 21,720 points in early trading.
The drop was primarily driven by declines in major financial stocks, including ICICI Bank and Bajaj Finance, alongside IT heavyweights like Infosys and Wipro (markets.businessinsider.com). This movement reflects investor concerns over potential interest rate decisions and ongoing global economic uncertainties.
Source:- india today
In addition, Delta Corp saw a significant drop, with its shares tumbling by over 12% due to a series of adverse regulatory developments, adding to the overall bearish sentiment in the market.
Source:- BBC news
Despite these declines, some sectors showed resilience. Adani Ports, for example, gained over 2%, and other stocks like BPCL and IndusInd Bank also posted gains, cushioning the broader indices from deeper losses.
Analysts suggest that while the market is currently under pressure, the underlying economic indicators and potential political stability could provide support in the medium term.
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