Indian markets signalled heightened volatility with sharp weakness in pre-open trade as concerns over currency pressure, foreign outflows, and global risk sentiment intensified.
Key Market Signals
- GIFT Nifty traded near 23,407, down nearly 198 points (-0.84%)
- Nifty 50 pre-open indicated a deeper cut at 23,224, down 1.67%
- The Indian Rupee weakened to a record low near 96.53 per US dollar
- Broader sentiment remained fragile despite selective resilience in Sensex components
Indian markets traded mixed as the rupee plunged to a record low near ₹96.96 against the US dollar, triggering pressure on metal counters including Hindustan Zinc and Hindustan Copper. While the Sensex gained over 390 points and Nifty crossed 23,450, weakness in commodity-linked stocks and currency concerns kept sentiment cautious. CNBC Awaaz market experts said traders with a long-term view should focus on selectively accumulating quality stocks despite near-term volatility.
