Indian markets opened weak on Thursday, with the Sensex slipping nearly 100 points to around 85,013 and the Nifty falling below 26,000 to about 25,956 in early trade. The decline came after the rupee hit a fresh record low against the US dollar, triggering cautious sentiment and continued selling by foreign investors.
As the session progressed, the market recovered part of its early losses, supported by buying in IT, metal and banking stocks. Key gainers included Wipro, TCS, ICICI Bank, Hindalco and HDFC Bank, all rising between 1% and 1.8%, helping lift overall sentiment.
However, the broader market remained mixed. Several stocks extended losses, with Max Healthcare, Adani Enterprises and Bharat Electronics falling around 2–3%, reflecting pressure on mid- and small-cap segments.
Analysts say volatility is likely to continue as long as the rupee remains weak and foreign outflows persist. While export-linked sectors may benefit from the currency slide, the overall market mood remains cautious, and traders are expected to stay selective until clearer policy cues emerge.
Also Read: Sensex 85,102 down 32 points, Nifty 25,986 slips 46 points