Dalal Street Rings Another Session In Red, Sensex Below 82K, Nifty Over 50 Points Down

In the pre-open session, the Sensex fell close to 100 points and tested 82k, and the Nifty took a hit of 92 points and breached 25,100, near 9:02 AM.

At 07:35 AM, the GIFT Nifty trends signalled a weak start, with futures trading 67.5 points lower at 25,176.50, indicating further pressure on benchmarks in Wednesday’s session.

Source : Freepik

Markets looked set for another heavy day today. The BSE Sensex started trading below the 82k milestone, at 81,937, bleeding more than 150 points, while the NSE Nifty50 rang the opening bell above 25,100, slipping over 50 points, around 9:15 AM.

On the 30-share Sensex, Trent, SBI, Maruti, and Asian Paints stood as the only gainers this morning. On the other hand, the laggards included Tata Motors, Tech M, Bharti Airtel, Axis Bank, and ICICI Bank.

In the broader markets, it was a sea of red across the indices. The Nifty Midcap Select dominated after it tumbled 0.55 per cent. Sectorally, the Midsmall IT & Telecom index crashed 0.75 per cent, while the PSU Bank index remained the only sector in green and climbed 0.58 per cent.

At 07:35 AM, the GIFT Nifty trends signalled a weak start, with futures trading 67.5 points lower at 25,176.50, indicating further pressure on benchmarks in Wednesday’s session. In the pre-open session, the Sensex fell close to 100 points and tested 82k, and the Nifty took a hit of 92 points and breached 25,100, near 9:02 AM.

Foreign Institutional Investors (FIIs) remained aggressive sellers in Indian equities, offloading shares worth Rs 3,551.19 crore on Tuesday, according to exchange data.

Globally, concerns over stretched valuations are growing as asset prices across categories, including stocks, gold, silver and cryptocurrencies such as bitcoin, have surged to elevated levels. This worry was echoed by US Federal Reserve Chair Jerome Powell, who in a speech at Rhode Island warned of “risks to inflation and employment,” while stressing that the path of Fed policy will be “challenging.”

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, noted Powell’s remarks underscored the delicate balancing act ahead for the Fed in taming inflation without derailing growth.

Global Markets

Across Asia, trading was mixed. South Korea’s Kospi and Japan’s Nikkei 225 fell, while Shanghai’s SSE Composite index and Hong Kong’s Hang Seng advanced. On Wall Street, US markets closed lower on Tuesday, weighed down by concerns over monetary tightening and trade uncertainty.

Back home, investor sentiment stayed fragile amid geopolitical and trade headwinds. “On Dalal Street, sentiment remains under pressure as investors grapple with Trump’s 50 per cent tariff hike on India and his steep $1,00,000 one-time H-1B visa fee, which disproportionately impacts Indian professionals,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. On the commodities front, Brent crude futures inched up 0.28 per cent to $67.82 a barrel, adding to inflationary worries.

How Did Markets Fare Yesterday?

Notably, in the previous trading session on Tuesday, benchmarks experienced declines as selling in IT majors and private banking heavyweights weighed on sentiment amid continued foreign fund outflows and concerns over the steep hike in US H-1B visa fees.

The Sensex oscillated between gains and losses before closing 57.87 points lower, or 0.07 per cent, at 82,102.10. It swung nearly 594 points during the day, hitting an intra-day high of 82,370.38 and a low of 81,776.53. The Nifty also ended in the red, down 32.85 points or 0.13 per cent at 25,169.50.

Meanwhile, the rupee weakened by 52 paise to hit an all-time low of 88.82 against the US dollar in intra-day trade on Tuesday, hurt by sustained FII selling pressure.

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