Benchmark indices open lower amid geopolitical concerns
Indian stock markets opened lower on Wednesday, weighed down by rising geopolitical tensions. Auto sector stocks led the decline in early trade, impacting overall market sentiment.
The S&P BSE Sensex dropped255.21 points to 84,808.13, while the NSE Nifty50 fell72.90 points to 26,105.80as of 9:47 am.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that high volatility is likely ahead, with global events and statements from leaders such as Trump continuing to influence the market. He added,"Recent market movements lack a clear trend, and actions in a few large-cap stocks are disproportionately affecting the indices. For example, despite positive institutional buying yesterday, Nifty drifted down 71 points due to sharp declines in Reliance and HDFC Bank."
Top gainers in early trade:
Titan Company: +3.84%
Infosys: +0.97%
Sun Pharmaceutical: +0.54%
Tech Mahindra: +0.51%
ITC: +0.45%
Top losers in early trade:
HDFC Bank: -1.27%
Bharti Airtel: -1.12%
Maruti Suzuki: -1.08%
Bajaj Finance: -1.01%
Power Grid Corporation: -0.80%
Vijayakumar also highlighted an upcomingSupreme Court verdict on Trump tariffs, warning that an unfavorable outcome could trigger significant market volatility.
Disclaimer: The views expressed are those of the experts and do not reflect the India Today Group. Please consult a qualified financial advisor before making investment decisions.
