The Indian stock markets looked hopeful on Tuesday morning. The GIFT Nifty indicated a positive start for the benchmark indices today, as it crossed 25,500, climbing 35 points as of 8:52 AM.
However, the pre-open session rained down on any optimism prevalent in the market. The BSE Sensex plunged more than 200 points and stood at 83,238, while the NSE NIfty50 breached 25,300, slipping 175 points.
As such, markets opened in red. The Sensex traded at 83,389.26, taking a hit of more than 50 points, and the Nfity touched 25,433, declining 17 points, as of 9:15 AM.
However, as trading progressed, indices again reversed course. The Sensex jumped close to 100 points and crossed 83,500 in the market, while the Nifty gained 25 points to move closer to 25,500, as of 9:25 AM.
On the 30-share Sensex, Kotak Bank, Eternal, Tata Motors, Adani Ports, and BEL stood among the gainers. Meanwhile, the laggards included Titan, Sun Pharma, HCL Tech, Bharti Airtel, and M&M.
In the broader markets, the Nifty Microcap250 stood out and climbed 0.62 per cent as markets went further in the opening hour. Sectorally, the Private Bank index led the gains and gained 0.82 per cent, while the Consumer Durables index plunged 1.36 per cent.
How Did Markets Fare On July 7?
Indian stock markets experienced significant intraday volatility on Monday, with early losses weighing on investor sentiment. In the opening minutes, both the BSE Sensex and the NSE Nifty50 came under heavy selling pressure, reflecting heightened uncertainty in the market.
During the pre-opening session, the Sensex slipped by nearly 500 points, briefly falling below the 82,950 mark. Simultaneously, the Nifty50 dropped by about 250 points, touching levels near 25,200.
Despite the sharp fall at the open, equities managed to recover a large part of the initial decline as the day progressed. However, the recovery was not strong enough to push the indices firmly into positive territory. By the closing bell, the Sensex edged up marginally, gaining 9.61 points to finish at 83,442.50. Meanwhile, the Nifty50 also closed nearly unchanged, settling at 25,461.30.
Markets ultimately ended the session flat, reflecting investor caution and a lack of clear direction ahead of key economic cues.
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