Synopsis : Indian equity markets opened sharply lower on Monday as selling pressure weighed on frontline and broader indices.
Weakness in auto, realty, pharma, and IT stocks dragged sentiment despite largely positive global market cues.
Indian equity benchmarks traded in the red on Monday morning, reflecting cautious investor sentiment even as global markets showed signs of stability. The BSE Sensex slipped nearly 450 points, while the Nifty hovered near the 25,550 level, indicating broad-based selling across sectors.
At around 10:10 AM, the Sensex was trading at 83,189, down 387 points or 0.46%, while the Nifty stood at 25,567, lower by 116 points or 0.45%. The decline highlighted nervousness ahead of key quarterly earnings and persistent pressure in rate-sensitive and growth-oriented stocks.
Broader Markets Underperform
The weakness was more pronounced in the broader market space. The Nifty MidCap index fell 0.42%, while the Nifty SmallCap index declined 0.70%, reflecting risk aversion among investors and profit-taking in higher-valuation stocks.
Top Gainers and Losers
Heavyweights such as L&T, Power Grid, Reliance Industries, Adani Ports, BEL, Bharti Airtel, Infosys, UltraTech Cement, ICICI Bank, Tech Mahindra, Bajaj Finserv, and IndiGo featured among the top Sensex losers, shedding up to 1%.
On the positive side, HUL, ITC, and Axis Bank were the only stocks managing to stay in the green, offering limited support to the benchmarks.
Sectoral Performance
Sectorally, selling pressure was widespread:
Nifty Realty fell 1.6%
Nifty Pharma declined 0.97%
Nifty Auto slipped 0.6%
Nifty IT and Bank indices were down 0.5% each
The decline in these sectors indicates concerns around valuations, earnings sustainability, and near-term growth visibility.
Focus on Q3 Earnings
Investor attention is firmly on the Q3 earnings season, with several key companies scheduled to announce results today. These include Tata Consultancy Services (TCS), HCL Technologies, Anand Rathi Wealth, GTPL Hathway, Gujarat Hotels, Lotus Chocolate Company, Maharashtra Scooters, OK Play India, and Tierra Agrotech.
Markets will also continue to react to earnings announced after Friday’s closing bell, including results from Avenue Supermarts (DMart) and IREDA, which could influence sentiment in retail and PSU-linked stocks.
Overall, while global cues remain supportive, domestic factors such as earnings expectations, sectoral pressure, and broader market weakness are keeping Indian equities under strain in early trade.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Readers are advised to consult certified financial professionals before making any investment decisions.a
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