Markets Await Conclusion Of India-US Trade Talks, Sensex And Nifty Open Lower
The markets indicated a volatile session ahead as benchmarks, Sensex and Nifty, tanked in the pre-open session. As of 9:02 AM, the BSE Sensex plunged more than 200 points to test 83,500, while the NSE Nifty50 recorded a smaller loss of 36 points and remained below 25,500 at 25,487. The GIFT Nifty remained muted on Wednesday morning as it stood below 25,600, inching lower by 13 points, as of 9 AM.
As markets opened, the indices remained weighed down. The Sensex began trading at 83,617, slipping close to 100 points, while the Nifty tested 25,500, clocking a fall of 24 points, as of 9:16 AM. On the 30-share Sensex, Asian Paints, HUL, Bajaj Finance, Maruti, and NTPC remained in green in the opening hour, while the laggards were dominated by HCL Tech, L&T, Tata Steel, ICICI Bank, and Infosys.
In the broader markets, the Nifty Microcap250 climbed 0.47 per cent. Sectorally, the Media index gained 0.70 per cent, while the Realty index tanked 1 per cent.
With reports claiming that India and US are nearing the conclusion of a possible trade deal, there is a lot of anticipation in the market. Investors are hopeful yet cautious to see how the global dialogues turn out.
How Did Markets Close On July 8?
In the previous trading session, indices settled in green after a volatile start to the week. The BSE Sensex added 270.01 points, or 0.32 per cent, to finish at 83,712.51, while the NSE Nifty50 rose 63.20 points, or 0.25 per cent, to end the session at 25,524.50.
After a day marked by fluctuating trends, sentiment improved in the latter half as selective buying in large-cap stocks helped lift the broader market. The banking index outperformed, with the Bank Nifty climbing nearly 0.60 per cent, supported by strength in private sector lenders.
Gains were also visible across IT, real estate, and media stocks, contributing to the market’s upward movement. On the flip side, sectors such as pharma, FMCG, and public sector banks saw continued selling pressure and ended the session in negative territory. Volatility cooled during the day, with the India VIX easing 3 per cent to settle at 12.18, indicating a relatively stable market environment heading into the next trading session.
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