Sensex And Nifty Slip After Choppy Trading As Markets Volatility Persists

Indian equity markets, including the Sensex, closed lower on Monday following a turbulent trading session marked by sharp swings and weak sectoral cues.

The Sensex fell 331.21 points, or 0.39 per cent, to finish at 84,900.71, while the Nifty declined 108.65 points, or 0.42 per cent, ending at 25,959.5.

Market analysts said the Nifty’s failure to hold above the 26,000 mark has opened the door for a further slide towards the 25,800–25,750 range. They added that a reversal above 26,150 would be necessary to regain momentum and revisit the record high of 26,277.

Among the Sensex constituents, Infosys, Tech Mahindra, Asian Paints, Adani Ports and Sun Pharma emerged as key gainers, offering some support to the indices. However, losses in BEL, Tata Steel, Mahindra & Mahindra, and Tata Motors’ passenger vehicle division weighed heavily on the market.

Sectorally, real estate stocks faced the sharpest decline, with the Nifty Realty index falling 2.05 per cent. The pressure extended to metal and chemical counters as well: Nifty Metal slipped 1.23 per cent, while Nifty Chemicals dropped 1.31 per cent.

IT Sector Defies Wider Market Weakness

In contrast to the broader trend, the IT sector recorded modest gains. The Nifty IT index rose 0.41 per cent, supported by buying interest in leading technology companies.

Analysts attributed this resilience to favourable global cues and steady demand expectations.

Weakness also continued across the wider market, with the Nifty Midcap 100 dipping 0.32 per cent and the Nifty Smallcap 100 declining 0.85 per cent.

The rupee opened sharply higher at 89.20, strengthening by 35 paise, or 0.39 per cent, after touching historic lows near 89.65 on Friday. Currency experts said last week’s fall stemmed from delays in the anticipated India–US trade deal, lack of progress updates, a stronger US dollar index and limited intervention at lower levels.

Despite Monday’s recovery, analysts warned that the rupee remains vulnerable within a projected trading band of 88.75–89.50 in the near term, given the broader weakness in sentiment.

Overall, market participants anticipate continued volatility as global uncertainty and domestic pressures shape investor behaviour in the coming days.

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