On Friday, the BSE Sensex slipped over 200 points, while the Nifty 50 traded below the 25,850 mark in early deals, as selling pressure emerged across metals, IT and energy stocks.
Markets started the session on a subdued note as investors remained wary of global uncertainties, including concerns around US trade policies and geopolitical risks. Early gains seen at the open were quickly pared as profit booking set in and risk appetite weakened.
Market breadth was negative, with declines outpacing advances. Hindalco Industries, ONGC, Wipro, Tech Mahindra and Jio Financial Services were among the key laggards, dragging the benchmarks lower. Metal and IT stocks faced notable pressure amid concerns over global demand and margins.
On the positive side, select stocks showed resilience. Eternal rose on the back of favourable brokerage commentary, while SBI Life Insurance, ICICI Bank and Bajaj Finance traded higher, offering limited support to the indices.
The rupee weakened against the US dollar, adding to investor caution. Analysts expect markets to remain range-bound in the near term, with global cues and stock-specific triggers likely to drive movements through the session.
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