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Indian equity markets opened lower on Monday following last week’s sharp decline, with benchmark indices slipping in early trade. Persistent selling in technology stocks and uncertainty around artificial intelligence-driven disruption continue to pressure investor sentiment.
Stock Market Starts in Red
Mumbai: Following the weekend's sharp decline, the stock market opened on a weak note on Monday. Both major indices opened in the red in early trade. At 9:16 am, the Nifty slipped below 25,450 to 25,434.35, a decline of 37 points, or 0.14%. The Sensex fell more than 100 points to trade at 82,520.90, down 106 points, or 0.13%.
Last week, the market remained weak, with major indices falling by nearly 1%. Heavy selling in technology stocks and uncertainties related to artificial intelligence impacted investor sentiment.
Experts believe that the process of repricing technology companies' shares is ongoing, and there is still no clarity on the changes related to AI. In such an environment, investors are advised to adopt selective and risk-balanced strategies to protect themselves from market volatility.
(...being updated)