Indian stock markets continued their losing streak on Monday, with both the Sensex and Nifty closing lower for the fifth consecutive session. The decline was largely driven by weak global cues, as U.S. markets fell due to concerns over slowing consumer demand and potential tariff hikes.
Markets in red yet again
The Sensex closed at 74,454.41, down 1.14%, while the Nifty ended at 22,553.35, slipping 1.06%. The Nifty Bank also mirrored the overall market sentiment, closing at 48,655.90, down 0.66 for the day.
“Global headwinds continue to weigh on the domestic market, with persistent volatility causing uncertainty among retail investors, who generally have a lower risk appetite. Weak US consumer sentiment and tariff concerns may further pressure export-oriented sectors such as IT. Looking ahead, the pace of earnings downgrades is expected to ease, supported by increased government spending, lower interest rates, and tax reductions. These factors are likely to provide a boost to sectors such as FMCG, consumer discretionary, and banking,” said Vinod Nair, Head of Research, Geojit Financial Services.
ALSO READFive reasons Jefferies say it’s right time to buy Mahindra and Mahindra (M&M) Top gainers and losers
From the Sensex pack, the major gainers in the today’s trading session include M&M, Kotak Bank, Maruti, Nestle India and ITC. On the other hand, the laggards were HCL Tech, Zomato, TCS, Infosys and Tech Mahindra.
From the Nifty 50, the top 5 gainers are M&M, Dr Reddy’s Laboratories, Eicher Motors, Hero MotoCorp, and Nestle India. The major loser include Wipro, HCL Tech, TCS, Infosys an Bharti Airtel.
This is a developing story, more details are being added. Please watch the space for updates
» Read More
