Indian equity markets opened on a weak note on Thursday, with the Nifty 50 falling over 130 points to trade near 23,275, while the Sensex declined sharply amid broad-based selling across sectors. Market sentiment remained under pressure due to continued global uncertainty, weak cues from overseas markets, and persistent profit-booking.
Sector-wise, the biggest drag came from the IT pack, with the Nifty IT index dropping over 1.2%. Realty stocks also witnessed heavy selling, with the Nifty Realty index down around 1%, followed by losses in PSU Banks, Financial Services, Pharma, and Auto stocks.
Among Nifty constituents, Infosys emerged as the top loser, falling nearly 1.7%, while HCLTech, Cipla, Eicher Motors, Mahindra & Mahindra, and Reliance Industries also traded lower. Weakness in technology stocks weighed significantly on benchmark indices during early trade.
Despite the broader market weakness, Bank Nifty showed relative resilience compared to frontline indices, although it too remained in the red. Analysts noted that the Nifty continues to face pressure after breaking key support levels, with traders closely monitoring the 23,150–23,200 zone for further directional cues.
Investors are expected to remain cautious amid elevated volatility, global geopolitical concerns, foreign institutional investor selling, and rising crude oil prices, which continue to impact market sentiment.
