Sensex and Nifty opened lower on Tuesday as markets tracked global uncertainty and awaited key US economic data. With no major domestic triggers to lift sentiment, early trade stayed muted on Dalal Street.
The S&P BSE Sensex slipped 136 points to 84,814.95 around 9:34 am, while the Nifty50 fell 49.95 points to 25,963.50. Sectoral indices were mixed, reflecting the cautious tone among investors.
Max Healthcare was the top performer in early trade, rising nearly 2% on the Nifty50. Bharti Airtel, Axis Bank, Eternal, Bajaj Auto and ONGC also saw buying interest. On the downside, Hindalco, Bajaj Finserv, Bajaj Finance, Tata Steel and Kotak Mahindra Bank were among the biggest laggards.
According to Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market continues to find support from a combination of global and domestic cues. He pointed to three factors aiding the rally: progress on a US-India trade deal, the fading momentum in the global AI trade which could benefit Indian equities, and improving fundamentals supported by resilient growth and rising earnings. He added that while FIIs turning buyers is positive, it is too early to call it a trend. The recent GST cut-driven boost in consumption has reinforced optimism, but sustaining that demand remains key for the rally to hold.
Amruta Shinde, Technical & Derivative Analyst at Choice Broking, said traders should remain selective amid ongoing volatility. She advised a buy-on-dips approach with cautious leverage, tight stop-losses and partial profit-booking. Fresh long positions, she noted, make sense only above the 26,100 level, coupled with close monitoring of global signals.
Geojit’s Chief Market Strategist Anand James said Nifty continues to struggle for clear direction as long as the 26,130 and 25,840 levels remain intact. He expects early trade to stay sideways, with possible dips towards 25,980–25,900 before any recovery attempts. A direct move above 26,022, he added, could pull the index towards 26,130.