Benchmark indices retreat as weak global cues pressure domestic sentiment

Indian equities opened lower as global uncertainty and weak Asian cues dragged benchmarks below key technical levels, with broader market stocks witnessing heavier selling pressure.

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7 days ago

Benchmark indices retreat as weak global cues pressure domestic sentiment

Benchmark indices retreat as weak global cues pressure domestic sentiment
Equity benchmarks declined sharply in early trade as selling pressure spread across banking, IT, metal and auto stocks. The Sensex slipped 380 points to fall below the 85,000 mark, while the Nifty dropped under 26,100 as midcap and smallcap stocks underperformed. GIFT Nifty futures were down 13 points at 26,232, signaling a cautious opening tone.