Mumbai: The Indian stock market opened on a negative note on Friday, influenced by weak global signals. At 9:19 AM, the Sensex was down by 444 points or 0.54 percent, trading at 82,100, while the Nifty fell 157 points or 0.62 percent to 25,261.
The decline was primarily driven by selling pressure in metal and commodity stocks, making the Nifty Metal and Nifty Commodities indices the top losers among all sectors. IT, media, energy, PSE, realty, PSU banks, and defence indices also opened in the red. In contrast, healthcare, pharma, and FMCG sectors showed gains.
Among Sensex components, Maruti Suzuki, IndiGo, Titan, ITC, and Sun Pharma were gainers. However, major losses were seen in Tata Steel, Infosys, HCL Tech, TCS, Tech Mahindra, NTPC, Bharti Airtel, UltraTech Cement, Bajaj Finserv, Eicher Motors, BEL, Kotak Mahindra Bank, M&M, ICICI Bank, Bajaj Finance, and Axis Bank.
Both large-cap and mid-cap as well as small-cap stocks faced selling pressure. The Nifty Midcap 100 index dropped by 579.75 points or 0.99 percent to 57,961.25, while the Nifty Smallcap 100 index declined by 182.70 points or 1.09 percent to 16,642.30.
International markets were largely in the red, with Tokyo, Shanghai, Hong Kong, and Bangkok closing lower. Meanwhile, Seoul and Jakarta showed gains. The US markets closed mixed on Thursday, with the Dow rising 0.11 percent and the Nasdaq falling 0.72 percent.
Precious metals also declined, with gold down 1.99 percent to $5,250 per ounce and silver falling 3.50 percent to $110 per ounce at the time of reporting.
Crude oil prices softened as well, with WTI crude falling 1.71 percent to $64.31 per barrel and Brent crude down 1.60 percent at $68.51 per barrel.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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