Stock Market Today: Markets Extend Losing Streak for Fifth Straight Day; Sensex Opens at 84,987 — Which Stocks Fell?
Nifty opens marginally lower at 25,981 while Sensex drops 119 points; Rupee weakens further to 90.41 against the US Dollar amid continued FII selling and global uncertainty.
Stock Market Today, India:
The Indian stock market remained under pressure for the fifth consecutive trading session, with both benchmark indices opening in the red on Wednesday. The Nifty 50 opened slightly lower at 25,981, down just four points, while the Sensex slipped 119 points to open at 84,987, continuing the negative sentiment that has dominated the markets this week.
Adding to the concerns, the Indian Rupee weakened further, opening at 90.41 against the US Dollar, compared to Tuesday’s closing level of 90.19. The persistent depreciation of the rupee has intensified worries about macroeconomic stability.
On Tuesday as well, the broader market mood remained negative. The Nifty had settled 46 points lower at 25,986. According to market analysts, two major factors are driving this sustained weakness:
-
Continued selling by Foreign Institutional Investors (FIIs).
-
A weakening rupee, raising fears about economic vulnerability.
Additionally, fluctuations in global commodities, mixed global market cues, and strong dollar movement have contributed to volatility. Investors are currently adopting a cautious stance, with limited large-scale buying activity. Over the next few sessions, the market’s direction will largely depend on the rupee’s movement and global triggers.
📈 Which Stocks Gained?
During early trade (till 9:45 AM), select sectors such as IT, Metal, and Auto showed strength, while Pharma stocks faced pressure.
Top gainers included:
-
TCS: Up 1.39%, leading the rally
-
HCL Tech: Up 1.31%
-
Tech Mahindra: Up 0.99%
-
Asian Paints: Up 0.89%
-
Infosys: Up 0.57%
📉 Which Stocks Declined?
Several heavyweight stocks continued to drag the market:
-
Eternal: Down 1.43%
-
Ultratech Cement: Down 0.55%
-
Power Grid: Down 0.50%
-
SBI: Down 0.41%
-
Trent: Down 0.37%
Mixed global cues, sector-wise volatility, and sustained FII outflows have kept markets uncertain. Analysts believe that global trends and FII positioning will play a crucial role in determining market direction in the coming days.
