The Indian stock markets ended the first trading session of the week on a weak note. The BSE Sensex settled for the day at 82,250.72, taking a hit of nearly 250 points, while the NSE Nifty50 reached 25,087, slipping more than 60 points.
Notably, both benchmarks, Sensex and Nifty, began Monday morning on a cautious footing as investors braced for heightened volatility. The GIFT Nifty index, considered a key early indicator of market sentiment, was up just 4 points at 25,195.5 as of 9 AM, signalling a flat start for Indian equities. As markets opened, both indices reflected weakness, with the Sensex slipping over 100 points to 82,389 and the Nifty falling by 41 points to 25,109 at 9:16 AM.
“India remains out of the tariffs band for now with negotiations still on to finalise the amount of tariff that the US could apply,” noted Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
Investor caution was further reinforced by persistent foreign institutional investor (FII) selling. According to stock exchange data, FIIs pulled Rs 5,104.22 crore from domestic equities on Friday, intensifying downward pressure on the rupee and dampening equity market sentiment.
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