Indian benchmark indices slip in early trade as global market weakness pressures sentiment

Sensex and Nifty fell in early trade as global markets weakened, with Asian indices sliding sharply and volatility indicators pointing to further potential turbulence.

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Indian benchmark indices slip in early trade as global market weakness pressures sentiment

Indian benchmark indices slip in early trade as global market weakness pressures sentiment
Indian markets opened lower on Friday as the Sensex fell 285.28 points to 85,347.40 and the Nifty declined 82.6 points to 26,109.55, reversing a two-day rally. ICICI Bank, Eternal, Adani Ports, Tata Steel and Power Grid were among the major Sensex laggards, while Mahindra & Mahindra, Tata Motors Passenger Vehicles, Titan and Asian Paints traded in the green. Asian markets also weakened, with South Korea’s Kospi down over 3%, Japan’s Nikkei 225 slipping more than 2% and Shanghai and Hong Kong indices in negative territory. 
Market strategist V.K. Vijayakumar noted that Nasdaq’s 2.15% decline and a 4.4% intraday swing signal elevated volatility and potential turbulence ahead.
Companies:
  • ICICI Bank
  • Eternal
  • Adani Ports
  • Tata Steel
  • Power Grid
  • Mahindra and Mahindra
  • Tata Motors Passenger Vehicles
  • Titan
  • Asian Paints
Tags:
  • markets
  • Sensex