Mumbai – Indian stocks opened lower on Monday, as traders followed a drop across Asia after President Donald Trump hinted at tighter tariffs on China. The market focus on U.S.‑China trade lead to early selling in both the Sensex and the Nifty.
The Sensex started the day at 82,278, down 223 points or 0.27 %. The Nifty opened at 25,180, slipping 105 points or 0.42 %. Experts said the week’s upside target would stay near 25,460, citing rising volatility and a support level around 25,230. They cautioned that a break below 25,113 could shift buyers away from upside plays.
By mid‑morning the dip deepened. At 9:34 am, the Sensex was 82,077.94, a fall of 422.88 points or 0.51 %. The Nifty had slipped further to 25,163.50, down 121.85 points or 0.48 %. Mid‑cap and small‑cap indices also fell, dropping 0.5 % and 0.64 % respectively.
All sectoral benchmarks were in the red. The Nifty IT index declined 0.9 %, the largest loss, followed by the Nifty Metal index, which was down 0.69 %. Market analysts linked the downturn to rising geopolitical tensions and uncertainty about U.S.‑China trade talks, which have dampened global investor sentiment.
“Foreign institutional investors (FIIs) had been a stabilising force in India for the past four days, buying stocks worth Rs 3,289 crore,” analysts said. “Their buying helped blunt the market’s pullback and encouraged short‑covering that added resilience.” They also noted that domestic consumption themes – less affected by trade skirmishes – are likely to attract further institutional buying.
In short, the Sensex and Nifty dipped early, with tech and metal stocks leading the decline, as global concerns over tariffs and trade stoked a cautious mood among Indian investors.
Source: ianslive
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