Indian stock markets opened lower on December 8 as investors traded cautiously due to mixed global signals. The BSE Sensex fell by more than 300 points in early trade, while the Nifty 50 slipped below the 26,100 level.
Market sentiment was affected by weakness in the rupee and uncertainty ahead of key global interest rate decisions, especially from the US Federal Reserve. Foreign investors were also seen as cautious, with some money moving out of emerging markets.
Aviation stock InterGlobe Aviation, the parent company of IndiGo, saw a sharp fall in its share price after concerns over regulatory issues and recent flight operation disruptions. Heavyweight stocks like Bajaj Finance, Bajaj Finserv and Bharat Electronics also dragged the market.
Mid-cap and small-cap stocks showed weakness, while real estate shares remained under pressure. Analysts said investors are avoiding big bets until there is more clarity on global economic trends.
Experts believe market movements will remain volatile in the near term, depending on global cues, foreign fund flows and domestic liquidity conditions.