Indian stock markets opened sharply lower on Tuesday, the second trading day of the week. It wasn't a reassuring day for investors, as both the Sensex and Nifty, the major indices, slumped significantly in the initial hours.
Stock Market Today: The stock market opened weakly on Tuesday, the second trading day of the week. Around 9:15 AM, the Sensex opened at 81,739.37, down 438.58 points (0.53%). However, it fell further within minutes of opening, reaching 81,468.60 by 9:30 AM, a drop of 707.85 points.
Similarly, the Nifty also showed weakness, opening at 24,874.35, down 129.10 points (0.51%). It further declined shortly after opening, reaching 24,775.75, a fall of 225.40 points.
Initial Trading of Sensex and Nifty
The Bombay Stock Exchange (BSE)'s benchmark index, Sensex, opened at 81,739.37, down 438.58 points on Tuesday. Shortly after opening, it fell further, reaching 81,468.60, a decline of 707.85 points. The National Stock Exchange (NSE)'s Nifty also opened at 24,874.35, down 129.10 points, and subsequently fell to 24,775.75, a drop of 225.40 points.
Several large-cap stocks were under pressure from the beginning of Tuesday's trading session. Mahindra & Mahindra shares fell by 1.14%, while NTPC saw a 1.32% decline. Axis Bank shares dropped by 1.13%, and Eternal company stocks fell by 1.06%. Ultratech Cement shares also weakened, dropping by 1.38%. However, IndusInd Bank shares showed a slight increase, trading up by 0.04% amidst the overall decline.
Upcoming Quarterly Results
The market's movement could also be influenced by the quarterly results of several companies released today. Companies releasing results include Life Insurance Corporation of India (LIC), Bosch, Bharat Dynamics, NMDC, Jinka Logistics, Careraro India, Hindustan Copper, JK Lakshmi Cement, Gateway Distriparks, RCF, and Triveni Engineering. Investors are keenly watching these companies' performance.
On Monday, Foreign Portfolio Investors (FPIs) bought shares worth ₹135.98 crore in the Indian market. Domestic Institutional Investors (DIIs) also showed confidence, investing ₹1,745.72 crore. However, a change in investor behavior might be observed on Tuesday, potentially impacting the market direction.
Mixed Signals from Asian Markets
Regarding global markets, Asian markets showed a mixed trend on Tuesday. Japan's Nikkei index fell by 0.15%, while the Topix index remained relatively stable. Korea's Kospi index dropped by 0.32%, while Australia's ASX200 traded up by 0.16%.
Monday saw a significant rally in the stock market. The Sensex surged by 455 points, and the Nifty gained 148 points. This upswing was attributed to global factors such as India becoming the world's fourth-largest economy and relief regarding US tariff policies.
