Stock Market Today: Nifty, Sensex Open Lower Amid Global Cues; IT, Pharma Stocks Under Pressure

Stock Market Today: Nifty, Sensex Open Lower Amid Global Cues; IT, Pharma Stocks Under Pressure

 

Indian stock markets started on a weak note today, tracking global uncertainties and renewed selling pressure in IT and pharma stocks. The Nifty 50 opened below 22,000, while the Sensex slipped over 300 points in early trade.

 

Key Market Highlights:

 

IT and Pharma Stocks Drag: Infosys, TCS, Sun Pharma, and Dr. Reddy’s were among the top losers.

 

Banking Sector Holds Steady: HDFC Bank and ICICI Bank showed resilience amid market weakness.

 

Midcaps & Smallcaps Underperform: The broader market saw profit booking after last week’s strong rally.

 

Global Cues Weigh on Sentiment: Concerns over U.S. inflation and Fed policy kept investors cautious.

 

 

Expert Outlook:

 

Analysts suggest that volatility may persist due to global uncertainty, but long-term investors should use dips to accumulate quality stocks.

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