Mumbai, April 6: The Indian stock market opened in the red on Monday. At 9:17 AM, the Sensex fell by 241 points or 0.33% to 73,078.49, while the Nifty dropped by 84.70 points or 0.37% to 22,628.40.
Pharma stocks led the sell-off in early trading, with the Nifty Pharma index being the top loser, down nearly 1%. Additionally, sectors such as Nifty Oil & Gas, Nifty Healthcare, Nifty Media, Nifty Private Bank, Nifty Realty, Nifty India Defense, and Nifty Infra were also in the negative territory.
Conversely, the Nifty IT, Nifty Metal, and Nifty PSU Bank indices showed gains.
Among the top gainers in the Sensex pack were Trent, Titan, Power Grid, Tech Mahindra, HCL Tech, Infosys, TCS, Axis Bank, NTPC, ITC, and UltraTech Cement. On the losing side were Kotak Mahindra Bank, Indigo, Sun Pharma, Eternal, ICICI Bank, Maruti Suzuki, Bajaj Finserv, and M&M.
Both mid-cap and small-cap stocks also opened in the red, with the Nifty Midcap 100 index down by 302.60 points or 0.59% at 53,384, and the Nifty Smallcap 100 index falling by 96.20 points or 0.64% to 15,549.
Market weakness is attributed to ongoing tensions between Iran and the U.S., as well as in Israel, impacting global markets.
In Asian markets, Tokyo and Seoul were in the green, while Jakarta’s market was in the red. The U.S. markets closed in the red on Friday.
Crude oil showed mixed trading, with Brent crude rising by 0.63% to $109.70 per barrel, while WTI crude fell by 0.42% to $111.07 per barrel.
Gold and silver prices continued to decline, with gold down by 0.25% at $4,668 per ounce and silver dropping by 0.95% to $72.23 per ounce.
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Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
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