Sensex, Nifty Slip on Weak Global Cues
Indian markets turned negative on Thursday as the Sensex fell around 150 points from its intraday high and the Nifty slipped below 25,900. Both indices, which opened on a stronger note, lost momentum through the session amid broad-based selling pressure.
Global Factors Weigh on Sentiment
Weak trends across major Asian markets and mixed signals from global equities contributed to the decline. Analysts said ongoing foreign institutional investor (FII) selling and uncertainty surrounding global economic data kept domestic investors cautious.
Sectoral Pressure Intensifies
Most sectoral indices ended lower, with financials and IT stocks dragging the benchmarks. Midcap and smallcap stocks also saw declines, reflecting weakness across the broader market. A few metal and energy stocks offered brief support but were insufficient to offset overall losses.
Market Breadth Turns Negative
As selling deepened in the second half of the session, market breadth weakened further. Traders noted that volatility is likely to persist as investors track currency fluctuations, foreign fund flows and global macro developments.
Outlook Remains Cautious
Market participants expect near-term movement to remain range-bound, with global cues and corporate announcements playing a key role in dictating direction.
