Mumbai, India – Indian shares slipped on Monday, ending the market’s two‑day winning streak as global trade worries stoked cautious sentiment.
The benchmark Sensex fell 173.8 points, down 0.21 % at 82,327.05. The Nifty dipped 58 points, 0.23 %, to 25,227.35.
Analysts say the Nifty will stay in a positive trim if it holds above the 25,000 support line. A bounce toward 25,500 resistance looks likely, they said.
The drop came after President Donald Trump hinted at “restrictive” tariffs on China, sparking fears of a new U.S.–China trade war. Trump eased his tone on Sunday, but investors stayed on edge.
Key stocks dragged the index: Tata Motors, Infosys, Hindustan Unilever (HUL) and Power Grid fell hard. In contrast, Adani Ports, Bajaj Finance, Bajaj Finserv and Axis Bank added value, limiting the overall loss.
Sector performance was uneven. IT shares fell 0.78 %, and FMCG stocks slipped 0.9 %. Financial services bucked the trend, ending up 0.35 % higher.
Mid‑cap stocks edged up 0.11 %, while small‑caps fell 0.17 %.
Experts warn that volatility could persist, as global trade tensions and geopolitical events still influence market mood. They note that the domestic market started the week cautiously amid the U.S. government shutdown and rising U.S.–China trade friction.
Profit taking in consumption and discretionary shares after recent rallies led to a tactical shift in investor positioning. Even though a modest recovery in the rupee (INR) and easing inflation expectations helped cushion losses, overall sentiment remains guarded, keeping the market slightly negative.
Source: ianslive
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