The Indian stock market continued its downward trend from the previous session, following us President donald trump‘s announcement of potential further tariffs. Benchmark indices opened weakly, reflecting investor caution amid a lack of fresh catalysts for a rally.
The S&P BSE Sensex fell by 400.82 points to 84,701.87, while the NSE Nifty50 lost 134.80 points, slipping to 25,825.75 as of 9:24 am.
According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, “Investors are somewhat weary due to the market’s inability to maintain recent all-time highs, coupled with a lack of new rally triggers. The narrow rally dominated by a few largecaps has left most retail investors disillusioned.”
Early Movers: Winners and Losers
Monday’s session opened on a weak note, with the majority of Sensex stocks trading in the red. Only a few equities showed gains in early trade:
| Stock | Change | Trend |
|---|---|---|
| Hindustan Unilever | +0.43% | Top gainer |
| Bharti Airtel | +0.25% | Gainer |
| Titan | +0.05% | Gainer |
| Asian Paints | -3.38% | Biggest loser |
| Mahindra & Mahindra | -1.16% | Loser |
| Trent | -2.06% | Loser |
| Tata Consultancy Services | -1.12% | Loser |
| Tata Steel | -1.16% | Loser |
Market Sentiment and Analysis
“About 320 stocks in the NSE 500 were trading below their peaks, even as the Nifty set a new record. Retail investors, whose portfolios are heavily weighted in mid- and small-caps, are feeling the pressure. While the largecaps driving the market remain resilient, mid- and small-cap stocks are seeing additional selling pressure,” explained Dr. Vijayakumar.
He further added, “The market is currently being influenced by fundamentals. Mid- and small-cap stock prices are affected by the correction in previously overpriced stocks. This trend may continue for some time, presenting a buying opportunity for long-term investors to accumulate high-quality growth stocks. Defence stocks currently offer value.”
Disclaimer
(Disclaimer: The opinions, recommendations, and insights shared by experts and brokerages in this article are their own and do not reflect the views of the The Fox Daily. Before making any trading or investment decisions, consult a qualified financial advisor or broker.)
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