Markets End Lower After Early Strong Start
Indian equity markets opened the week on a positive note, with GIFT Nifty futures indicating a strong start for the day, tracking gains in Asian and US markets. Early cues showed optimism among traders as global stock indexes, including in the United States and Asia, recorded gains ahead of the domestic session.
Trading Session Sees Profit Booking
Despite early strength, both the Sensex and Nifty 50 slipped into negative territory by the end of trading. By close, the Sensex fell about 322 points and the Nifty ended around 26,250, as some investors engaged in profit booking. Selling pressure was seen in several major stocks, with banks and IT sector names among the laggards.
Sectoral Movements and Index Action
Among sectors, realty and consumer durable stocks outperformed on the day, while IT, telecom and oil & gas segments weighed on benchmark performance. Stocks such as Nestle India, Bharat Electronics, and Eicher Motors emerged as relative gainers, providing some stability amid broader declines.
Global Influences and Outlook
Market analysts noted that global cues and macroeconomic factors influenced trading sentiment. The early positive indication from GIFT Nifty reflected optimism in global markets, but domestic trading ultimately saw volatility and cautious positioning by investors. The outlook for the week includes watching support and resistance levels around key Nifty zones, with global trends expected to remain a significant influence.
