Sensex, Nifty Extend Losses; IT and Metal Stocks Weigh on Markets
Indian equity benchmarks Sensex and Nifty extended their opening losses on Thursday, tracking weak global cues and continued foreign institutional investor (FII) outflows.
- Broader markets underperformed, with the Nifty Midcap 100 and Nifty Smallcap 100 slipping further, indicating risk-off sentiment.
- IT stocks declined as concerns over global growth and cautious outlooks from overseas markets pressured the sector.
- Metal stocks also saw selling, driven by worries around global demand slowdown and volatile commodity prices.
Overall, market sentiment remained weak, with investors avoiding risk amid global uncertainty and persistent selling by overseas investors.
If you want, I can also provide:
- Top losers and gainers
- Sector-wise performance
- What to watch for the rest of the trading session
- Short-term outlook for Nifty & Sensex
Just tell me.
