Indian equity benchmarks opened marginally lower on Tuesday, tracking mixed global signals and rising geopolitical concerns. The BSE Sensex slipped below the 83,200 mark in early trade, while the NSE Nifty hovered around 25,550.
Indian Markets Start Tuesday on a Weak Note as Geopolitical Tensions Weigh
Mumbai: Indian stock markets opened with a slight decline on Tuesday amid weak global cues. Investors' caution was evident in early trade. At 9:14 am, the BSE Sensex opened at 83,207.38, down 38.80 points, or 0.05 percent. The Sensex had closed at 83,246.18 in the previous trading session.
The NSE Nifty 50 also started the day on a weak note. It slipped 34.40 points, or 0.13 percent, to trade at 25,551.10. The Nifty's opening level was 25,580.30. Preliminary data indicated that the market may remain volatile today.
Interestingly, the market showed slight strength in the pre-opening session. At around 9:05 a.m., the Sensex had risen more than 50 points to cross 83,300, while the Nifty held a slight edge, testing the 25,600 level. However, this rally was short-lived, and pressure built as regular trading resumed.
