Indian Benchmarks Extend Losses as Market Sentiment Sours

Indian stock markets opened lower on Monday, February 17, 2025, extending their losing streak to nine consecutive sessions. The BSE Sensex tumbled 387 points to 75,552.14, while the NSE Nifty50 shed 136.5 points to 22,792.75 at the opening bell. Broader markets underperformed, with both Nifty Smallcap 100 and Midcap 100 indices falling 0.75%. Sectoral indices were in the red, led by Realty and IT stocks. Analysts attribute the bearish sentiment to ongoing FII selling, mixed corporate earnings, and global trade concerns. Key support levels for Nifty are now at 22,800, with a break below potentially leading to further declines towards 22,450.

 

Sources: Zeebiz, Times of India, Moneycontrol