Sensex and Nifty open lower as broad-based declines dominate early trade

Indian equity benchmarks opened lower on Tuesday, with the Sensex declining 165.68 points to 77,103.72 and the Nifty 50 falling 66.70 points to 24,052.60. Market breadth remained weak, with most stocks trading in negative territory across sectors.

Indian equity benchmarks opened lower on Tuesday, extending ongoing volatility in domestic markets. The BSE Sensex declined 165.68 points, or 0.21%, to open at 77,103.72, while the Nifty 50 fell 66.70 points, or 0.28%, to 24,052.60.

The weaker opening followed a marginally higher close in the previous trading session, with global cues and sector-specific pressures influencing early trade.

Market breadth indicated broad-based declines at the opening. On the Sensex, 7 of the 30 constituent stocks advanced while 23 declined. In the Nifty 50, 5 stocks opened higher and 45 registered losses, reflecting widespread selling pressure.

Sensex and Nifty open lower as broad-based declines dominate early trade

Among gainers, Adani Ports and Special Economic Zone rose approximately 0.70%, ITC Limited gained 0.29%, and Reliance Industries advanced 0.26%. Tata Consultancy Services was up 0.17%, Infosys added 0.10%, Tech Mahindra rose 0.08%, and Sun Pharmaceutical Industries edged higher by 0.05%.

On the downside, Bajaj Finance declined 1.41%, Bajaj Finserv fell 1.14%, and Maruti Suzuki dropped 1.13%. HDFC Bank was down 0.91%, InterGlobe Aviation declined 0.90%, and Larsen & Toubro fell 0.81%. ICICI Bank slipped 0.78%, Asian Paints declined 0.70%, HCL Technologies fell 0.70%, and Mahindra & Mahindra declined 0.64%.

Other stocks including Axis Bank, State Bank of India, Bharti Airtel and Titan Company also traded under pressure in early deals.

 

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