The markets opened lower on Tuesday, extending the cautious tone seen in recent sessions amid weak global cues and continued concerns around foreign fund outflows. At the opening bell, the BSE Sensex dropped over 350 points, while the NSE Nifty50 slipped below the 25,950 mark, indicating a risk-averse start to the trading day.
Early trade was marked by broad-based selling, with pressure visible across key sectors, particularly banking, financial services, and autos. Market breadth remained weak, with declines outpacing advances on both benchmark indices.
Among individual stocks, Eternal emerged as a major laggard in early deals, falling nearly 3 percent, weighed down by selling interest. Axis Bank also came under pressure, declining around 2.5 percent, dragging the banking index lower. Other frontline financial stocks traded subdued, reflecting investor caution toward the sector at the start of the session.
Auto and metal stocks also opened in the red, mirroring concerns over global growth and commodity demand. Export-oriented stocks showed mixed trends, tracking overnight movements in global markets and currency fluctuations.
On the positive side, gains were limited and stock-specific. Meesho and Adani Power opened higher, supported by selective buying and positive sentiment around company-specific developments. However, early gains in these stocks were insufficient to offset weakness in index heavyweights.
Investor sentiment at the open remained fragile amid continued foreign institutional investor selling, a soft rupee, and uncertainty surrounding global interest rate trajectories. Market participants are also cautious ahead of key economic data releases later in the week, which could influence near-term direction.
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