Mumbai: Indian stock markets opened lower on Tuesday, with both Sensex and Nifty facing early losses as investor sentiment remained cautious due to global trade tensions and ongoing geopolitical uncertainty.
The BSE Sensex fell by 194.65 points, starting the day at 81,179.10, while the NSE Nifty dipped 62.35 points to 24,654.25.
Key laggards from the Sensex pack included Adani Ports, Larsen & Toubro, Bajaj Finance, ICICI Bank, Bharti Airtel, and Hindustan Unilever. On the flip side, gainers included Eternals, Tata Steel, Mahindra & Mahindra, and IndusInd Bank.
Adding to the pressure, Foreign Institutional Investors (FIIs) pulled out ₹2,589.47 crore from equities on Monday, as per exchange data.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that market volatility is likely to persist amid ongoing uncertainties surrounding geopolitics, tariffs, and global trade dynamics. “Investors may stick with a buy-on-dips approach,” he advised.
Despite the domestic downturn, major Asian indices showed strength. South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite, and Hong Kong’s Hang Seng were all trading in the green. U.S. markets also closed higher on Monday, offering some positive cues.
Meanwhile, Brent crude rose 0.57% to reach $65 a barrel.
On Monday, the Sensex had plunged 796.75 points during intraday trading before recovering slightly to end 77.26 points down at 81,373.75. The Nifty closed 34.10 points lower at 24,716.60, capping a volatile session.
(With PTI Inputs)