Markets Open With Marginal Gains, Sensex Tests 84,000, Nifty Over 25,700

During the pre-open session at around 9:03 AM, the Sensex was trading over 83,120 nearly 900 points lower and the Nifty fell more than 140 points to trade at 25,620.

The Gift Nifty indicated a decline of 22 points trading at 25,872 at 8:32 AM on Tuesday.

Source : ABPLIVE AI

Stock markets opened on a muted note on Tuesday morning as the Sensex opened at 83,964 registering a marginal gain of over 13 points, while the Nifty started trade at 25,767, falling more than 3 points.

Among the top gainers on the 30-share BSE Sensex were stocks such as Bharti Airtel, Titan, Reliance, Adani Ports and Sun Pharmaceuticals. Meanwhile, the laggards included stocks like Bajaj Finance, TCS, NTPC, Tech Mahindra and ITC.

Sectorally, the Nifty Auto index declined 0.66 per cent while the Nifty Media and the Nifty Consumer Durables index rose 0.22 per cent.

In the broader markets, the Nifty Smallcap 50 declined 0.32 per cent, the Nifty Smallcap 250 traded flat, and the Nifty Microcap 250 gained 0.11 per cent as volatility remained high.

During the pre-open session at around 9:03 AM, the Sensex was trading over 83,120 nearly 900 points lower and the Nifty fell more than 140 points to trade at 25,620.

The Gift Nifty indicated a decline of 22 points trading at 25,872 at 8:32 AM on Tuesday.

Foreign Outflows, US Markets

Foreign Institutional Investors (FIIs) sold equities worth Rs 1,883.78 crore on Monday, according to exchange data. In contrast, Domestic Institutional Investors (DIIs) purchased stocks valued at Rs 3,516.36 crore during the same session. Meanwhile, US markets closed mostly higher on Monday as Nasdaq added 0.46 per cent, the S&P 500 moved up 0.17 per cent, and the Dow lost 0.48 per cent.

Meanwhile, US Federal Reserve officials on Monday continued to express differing views on the state of the economy, a debate expected to intensify before the Fed’s December policy meeting, especially as key data from the Bureau of Labor Statistics remains unavailable due to the federal government shutdown.

What Do Experts Say?

"Renewed selling by FIIs continues to weigh on market sentiment. Over the past four trading sessions, FIIs have offloaded equities worth Rs 14,269 crore, signalling a likelihood of continued selling during market rallies."

“Higher valuations in India and muted earnings growth are restraining FIIs, who are more focused on cheaper markets with stronger earnings prospects,” said V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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