Pressure on Indian Stock Market due to Decline in US and Asian Markets. GIFT Nifty Down; Sensex-Nifty Likely to Open in Red. Investors' Focus on Banking and Metal Sectors.
Stock Market Today: A weak opening is anticipated for the Indian stock market on Tuesday, March 11th. The Sensex and Nifty are expected to face pressure due to the global market downturn. The decline in US and Asian stock markets has increased investor concerns. Weakness is also visible in the GIFT Nifty, indicating a potential red opening for the Indian market.
At 7:15 AM, the GIFT Nifty was trading at 22,359.50, down 135 points or 0.60%. This suggests potential weakness in the Nifty 50. Market experts believe that global uncertainty and investor caution may lead to volatility in early trading.
Which Stocks Will Investors Watch?
Investors will be closely watching several major companies' stocks today. These include IndusInd Bank, Bharat Electronics, Hindustan Zinc, Aditya Birla Capital, MSTC, Ashoka Buildcon, Thermax, Indian Bank, and Signify International. Their share prices may fluctuate based on quarterly performance, market trends, and sectoral movements.
Sharp Decline in US Markets
The US stock market experienced a significant decline on Monday. The Dow Jones plummeted 900 points, while the S&P 500 fell by 3% and the tech-heavy Nasdaq by 4%. The Nasdaq reached its lowest level in approximately six months.
Experts attribute this decline to growing concerns over US President Donald Trump's tariff policies. These policies are fueling recession fears, making investors cautious. The S&P 500 is down 8% from its February high, while the Nasdaq has fallen more than 10% from its December all-time high, entering correction territory.
Asian Markets Continue Downward Trend
The weakness in global markets also impacted Asian markets. Asian stock markets opened in the red for the third consecutive day on Tuesday. Early trading saw declines in Japan, Australia, and South Korea's stock markets.
Japan's Topix index fell by 1.9%.
Australia's S&P/ASX 200 index dropped by 1.3%.
South Korea's Kospi index also showed weakness.
Indian Market Performance in the Previous Session
On Monday, the Indian stock market traded within a limited range before closing lower. The market opened slightly higher but ended in negative territory after intraday fluctuations.
BSE Sensex: Closed at 74,115.17, down 217.41 points (0.29%).
Nifty 50: Closed at 22,460.30, down 92.20 points (0.41%).
Analysts believe that the Indian market's trend will continue to depend on global cues. Further weakness in global markets could maintain pressure on the domestic market. Meanwhile, investors will also be watching corporate quarterly results and domestic economic data.
