Stock Market
Red opening for Dalal Street: Sensex down over 100 points, Nifty slips below 26,250
Mumbai/IBNS: Indian equity benchmarks opened lower on Tuesday, extending losses from the previous session, as concerns over fresh tariff threats by US President Donald Trump weighed on investor sentiment.
The BSE Sensex slipped over 100 points in early trade, while the NSE Nifty 50 fell below the 26,250 mark.
Markets had ended in the red on Monday amid heavy selling in metal stocks and renewed worries over global trade tensions.
Among the gainers, Embassy Development Ltd rose nearly 5 percent, followed by National Aluminium Company Ltd (4.54%), KIOCL Ltd (4.44%), Force India Ltd (4.34%) and Redington Ltd (4.28%).
On the losing side, Trent Ltd tumbled 7.12%, while Future Lifestyle Fashions Ltd (-4.09%), Sapphire Foods India Ltd (-3.98%), V-Mart Retail Ltd (-3.83%) and SJVN Ltd (-3.62%) also saw sharp declines.
Meanwhile, Chinese equities surged to their highest levels in over a decade, buoyed by improving investor sentiment ahead of the Lunar New Year.
The rally in Chinese markets was led by strong gains in non-ferrous metal stocks and financials.
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