Markets Open Lower As Services And Realty Stocks Decline
Equity markets in India opened in the red on Monday, with key indices slipping in early trade. Selling pressure in services and real estate counters, along with foreign investor outflows, pushed sentiment lower.
Sensex And Nifty Fall In Early Trade
The Sensex dropped by more than 300 points in the opening session, while the Nifty also traded lower. Several large-cap stocks in financial and realty sectors were among the biggest losers.
A few technology and export-linked companies showed marginal gains, but they were not enough to offset the wider market decline.
FII Outflows Add To Pressure
Foreign institutional investors continued to sell holdings, contributing to the weakness. Analysts said persistent outflows, rising global uncertainty and caution ahead of upcoming US Federal Reserve decisions were contributing to risk aversion.
Domestic indicators remain steady, but global factors are weighing on investor confidence.
Broader Market Also Soft
Mid-cap and small-cap indices also moved down, reflecting weakness across sectors. Traders said volatility may continue in the near term until foreign flows stabilise and clearer policy signals emerge.
The market is expected to remain cautious as investors await global cues.
