The Indian stock market continued its downward trend, with Sensex and Nifty opening in negative territory for the fifth straight session. The Sensex began the day at 74,837.88, down 0.63%, while the Nifty opened at 22,647.85, falling by 0.65%.
Similarly, the Nifty Bank also started on a weak note, trading at 48,619.80, down by 0.74. The persistent decline reflects cautious investor sentiment amid ongoing market volatility.
As of now, the major gainers from the Sensex 30 pack include M&M, Sun Pharma, Maruti, Bajaj Finserv, and Nestle India. On the other hand, the laggards in the early trade were HCL Tech, Zomato, Tech Mahindra, TCS, and Infosys.
“The market is facing headwinds from relentless FII selling and global uncertainties relating to Trump tariffs. The sharp surge in Chinese stocks is another near-term headwind. The ‘Sell India, Buy China’ trade may continue for some time since Chinese stocks continue to be attractive. The sharp spike in CBOE VIX indicates that volatility will continue for some time. In the US, long-term inflation expectations are rising and, therefore, the expected rate cut by the Fed is unlikely to materialise. The Fed might even turn hawkish, impacting US stock markets. If this happens and the US bond yields start declining, FIIs may cease to be sellers in India and may even resume buying. The near-term scenario is highly uncertain,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
ALSO READAre FIIs anticipating a large fall in the market? Market Recap
The Indian stock market ended the week on a weaker note, with both the BSE Sensex and NSE Nifty closing lower on Friday. The benchmark Sensex dropped 0.56%, settling at 75,311.06, while the Nifty slipped 0.51% to end at 22,795.90.
This marks the fourth consecutive session of losses for the market. Over the past four trading days, Sensex has shed 685.8 points or 0.90% while the Nifty has declined by 163.6 points or 0.71%.
Gold price today
Gold prices in India saw a slight decline on Monday, February 24, with 24 carat gold priced at Rs 8,805 per gram, while 22 carat gold rate today is available at Rs 8,071 per gram,
» Read More
