After opening within the crimson mirroring weak sentiment globally, Indian equities prolonged losses on the primary day of the brand new FY 2025-2026. Round 11:30 am, the 30-share BSE Sensex fell 1.47 per cent or 1,141.43 to 76,273.49, whereas the Nifty50 index slipped as a lot as 1.12 per cent or 263.35 factors to 23,356 factors.
Listed below are the doable causes for the droop in in the present day’s session:
Broader markets languish:
After constructive commerce within the early session, each the midcaps and smallcaps retreated decrease, with the midcaps underperforming smallcaps. From the Nifty Midcap100 pack, prime laggards have been Persistent Techniques, Voltas, Coverage Bazaar, Lupin and Coforge amongst others.
Nevertheless, from the Nifty Smallcap 100, the highest losers dragging the index decrease are Amber Enterprises, Laurus Labs, Redington, 5-Star Enterprise.
Realty, IT lead losses:
As worries over the reciprocal tariffs mount globally after the US President threatened to impose tariffs that may spare no nation, Realty confronted the foremost blow in commerce in the present day. Nifty Realty slumped as a lot as 3 per cent, whereas IT and personal financial institution indices additionally toppled.
FIIs promoting resumes:
Within the earlier sesion, FIIs resumed their promoting on the D-Avenue whilst for March month – they turned out to be web consumers to the tune of Rs 6,758 crore.
