Synopsis : Indian stock markets opened lower on Monday, with financial and auto stocks dragging benchmarks despite improved global sentiment and renewed foreign investor interest. Key gainers included Jio Financial and Torrent Pharma, while Hero MotoCorp and banking giants weighed on the indices.
The Indian equity markets started the week on a cautious note as the BSE Sensex dropped over 300 points and the Nifty50 fell below the 25,600 mark. While easing tensions in the Middle East and strong foreign inflows offered a supportive backdrop, declines in auto and financial stocks pressured the benchmarks.
At the opening bell, the Sensex was down 0.4%, trading near 83,580, and the Nifty50 slipped to 25,575, losing about 0.3%.
Auto & Finance: Key Drags on Market
Sectorally, Nifty Auto fell 0.4% and Nifty Financial Services edged 0.1% lower. Major drags included Hero MotoCorp, which shed 2%, alongside declines in private banks and financial heavyweights.
However, Jio Financial Services managed to buck the trend, gaining 2% on investor interest and institutional buying.
Movers & Shakers: Stock Highlights
Torrent Pharma surged 4% after announcing a ₹11,900 crore acquisition of JB Chemicals.
Waaree Energies rallied 3% after its U.S. arm secured a 540 MW solar module contract.
BHEL gained 3% after winning a ₹6,500 crore order from Adani Power.
ITD Cementation jumped 4% on securing an international marine contract worth ₹580 crore.
Ahluwalia Contracts climbed 4% following ₹1,100 crore worth of new project wins.
SBI and PSU banks rose up to 3% after the Finance Ministry advocated monetizing subsidiary investments, a move welcomed by the markets.
Market Outlook
While foreign institutional investors (FIIs) have resumed buying, analysts caution that domestic concerns—especially in autos and banking—may cap gains. Market participants are now eyeing upcoming Q1 results, global trade developments, and commodity price movements to assess future direction.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult certified professionals before making any investment decisions.
