Synopsis: Indian markets fell sharply, with the Nifty down 238.65 points to 25,474.35 and the Sensex losing 839 points to 82,455.56, pressured by weak US cues and IT sector weakness.
Indian stock markets are witnessing a decline in today’s session, reflecting cautious investor sentiment and heightened volatility across key indices. Weakness is visible across multiple sectors, with broader market participation also under pressure. Traders appear to be adopting a wait-and-watch approach, leading to subdued momentum and increased fluctuations during the trading day.
Opening on Dalal Street
At the opening on Dalal Street, markets witnessed sharp selling pressure. The Nifty 50, which had closed at 25,713 in the previous session, opened lower at 25,641.80 and slipped further to an intraday low of 25,474.35, marking a decline of 238.65 points from its previous close. Similarly, the Sensex, after ending at 83,294.66 in the last session, opened at 83,052.54 and fell to an intraday low of 82,455.56, registering a decline of 839 points, reflecting broad-based weakness in early trade.
Weak Global Cues
Indian equities are under pressure after a sharp decline in US markets. The Dow Jones fell 261 points (0.53%) to 49,364, the S&P 500 dropped 0.29% to 6,889, and the Nasdaq slipped 0.44% to 22,786 following President Donald Trump’s decision to raise global tariffs to 15%. The renewed trade tensions triggered risk-off sentiment globally, which is now weighing on Indian markets.
GIFT Nifty Signals Weak Start
Early indicators suggest a cautious opening for domestic equities. GIFT Nifty is pointing toward a potential gap-down start, reflecting overnight weakness in US markets. This signals that global sentiment remains fragile and is influencing Indian market direction.
IT Sector Under Pressure
The IT index was the worst-performing sector in the previous session, falling over 1.5%. Given the sector’s significant revenue exposure to the US market, weakness in US equities and rising trade tensions are negatively impacting IT stocks, dragging overall market sentiment.
Key Technical Levels for Nifty and Sensex
Technically, 25,600 on the Nifty and 83,000 on the Sensex are immediate support levels, aligned with the 20-day SMA. A break below these levels could lead to a retest of 25,500–25,450 for Nifty and 82,700–82,500 for Sensex. On the upside, resistance stands at 25,800 for Nifty and 83,600 for Sensex. Market direction will depend on how indices behave around these critical levels.
Institutional Activity
On the institutional front, DIIs were net sellers worth ₹1,417.12 crore, while FIIs were net buyers worth ₹3,550.66 crore in the cash market. However, FIIs remain net bearish in index options and net bullish in index futures, indicating a cautious and largely neutral stance.
The Indian stock market is down today primarily due to weak global cues from the US following rising trade uncertainty, pressure on IT stocks, and cautious technical positioning near key support levels. Global volatility and policy uncertainty are the main drivers behind the current decline.
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