Mumbai: The Indian equity benchmark indices opened lower on Tuesday amid weak global cues, as selling pressure was witnessed in the IT, media, and private banking sectors during early trade.
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Market Performance
At around 9:35 AM:
- Sensex was down 371.74 points or 0.50% at 73,743.43.
- Nifty declined 104.25 points or 0.46% at 22,356.05.
- Nifty Bank fell 349.75 points or 0.73% at 47,867.05.
- Nifty Midcap 100 was at 47,872.30, down 567.80 points or 1.17%.
- Nifty Smallcap 100 dropped 252.05 points or 1.66% to 14,946.10.
Global Market Impact
According to market analysts, the uncertainty surrounding US President Donald Trump’s tariff policies has begun affecting global markets.
- S&P 500 and Nasdaq fell by 2.6% and 4%, respectively, in the last trading session, reflecting concerns about a possible US recession by year-end.
- Despite the correction, India is outperforming the US, with Nifty down only 2.7% in the past month, compared to a 7.5% decline in S&P 500.
- The dollar index has also dropped from 109.3 (since Trump took office) to 103.71 now.
Top Gainers & Losers
Top Losers in Sensex
- IndusInd Bank
- Infosys
- Zomato
- Tech Mahindra
- HCL Tech
- M&M
- Tata Motors
- TCS
- PowerGrid
- NTPC
- Bajaj Finance
Top Gainers in Sensex
- ICICI Bank
- Maruti Suzuki
- Sun Pharma
- ITC
- Adani Ports
- Titan
Also Read: Indian Stock Market Opens Higher, Nifty Above 22,500
Global & Asian Market Trends
- In the last session, Dow Jones dropped 2.08% to 41,911.71.
- S&P 500 declined 2.70% to 5,614.56.
- Nasdaq plunged 4.00% to 17,468.32.
Asian markets were also trading lower, with indices in Japan, Seoul, Bangkok, China, Jakarta, and Hong Kong all in the red.
Institutional Investment Activity
On March 10:
- Foreign Institutional Investors (FIIs) sold equities worth ₹485.41 crore.
- Domestic Institutional Investors (DIIs) bought equities worth ₹263.51 crore.
Investors will be closely watching global developments and economic indicators to assess further market movements.