Stock Market
Dalal Street turns cautious as Sensex and Nifty dip early while rupee crashes
Mumbai/IBNS: The BSE Sensex slipped 49.63 points to 85,662.74, while the NSE Nifty50 fell around 29 points, hovering slightly above the 26,100 mark at around 9:30 am.
Broader market indices also mirrored the cautious mood, with the Nifty 100, Nifty MidCap, and Nifty SmallCap opening in the red.
In early trade, Tech Mahindra emerged as the top gainer with a 0.84% rise, followed by Infosys (0.50%), Reliance Industries (0.29%), TCS (0.27%), and Eternal (0.21%).
On the downside, Bajaj Finance, Bharat Electronics, Asian Paints, Axis Bank, and Mahindra & Mahindra were among the prominent laggards.
Among NSE sectoral indices, Nifty IT, Media and Metal traded in positive territory, while Auto and FMCG sectors weakened in the opening hour.
Market sentiment remained fragile due to the uncertain India–US trade environment, the rupee's historic low against the US dollar, and continued foreign institutional investor (FII) outflows.
Market expert Anil Singhvi told Zee Business that he expects support for Nifty50 at 26,035–26,135 and a strong buy zone at 25,900–26,000 for the day. For Nifty Bank, Singhvi projected support at 59,500–59,650 and a buying range at 59,125–59,350, the channel reported.
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