📉 Sensex Opens at 75,787.27 | 📉 Nifty 50 at 22,847.25
🔻 Market Overview:
- Indian stock markets opened lower on Wednesday, tracking mixed global cues and US tariff concerns announced by President Donald Trump.
- Sensex and Nifty 50 slipped into red territory in early trading hours.
🔄 Market Breadth:
✔ 788 stocks advanced
❌ 1,403 stocks declined
〰 147 stocks remained unchanged
Top Gainers & Losers on NSE
✅ Major Gainers:
- Tata Consumer
- HCL Tech
- NTPC
- JSW Steel
- Kotak Mahindra Bank
❌ Major Losers:
- Dr. Reddy’s Labs
- Cipla
- Apollo Hospitals
- ICICI Bank
- Trent
Expert Insights on Market Volatility
📢 Ajay Bagga, Market & Banking Expert:
🔹 Market faces headwinds from geopolitical risks, tariff wars, competitive currency devaluations, and inflation.
🔹 Foreign Portfolio Investors (FPI) outflows are pressuring Indian equities.
🔹 A near-term downward breakout is likely due to sustained FPI selling pressures.
📢 Akshay Chinchalkar, Head of Research, Axis Securities:
🔹 Nifty’s support remains at 22,700 – 22,800 levels, but a breakout above 23,235 is needed for a strong recovery.
🔹 Until that happens, weakness is expected to continue.
Sectoral Performance:
📉 Pharma Stocks Under Pressure
- President Trump reiterated a 25% tariff on the pharmaceutical sector, impacting stocks like Dr. Reddy’s Labs, Cipla, and Apollo Hospitals.
📈 Defence Stocks Outperform
- Broader markets recovered slightly, with defence stocks showing strength.
🔍 Market Outlook:
- Uncertainty persists due to US tariff policies and foreign investor outflows.
- Key Level to Watch: Nifty needs to break above 23,235 for a sustained recovery.
- Short-term trend remains volatile, with a possible downside risk.