Nifty 50 and IT Index Slide in Pre-Open Trade

Indian stock markets opened on a subdued note in pre-open trade on February 13, with major indices reflecting weakness across sectors. The Nifty 50 index slipped 0.91%, signaling cautious investor sentiment. The decline was sharper in the technology sector, where the Nifty IT index dropped 5.04%, highlighting sector-specific challenges.

Meanwhile, Nifty 50 index futures fell 0.52%, suggesting continued pressure ahead of the formal market opening. Analysts attribute the weakness to global market cues, profit booking in IT stocks, and investor caution around inflation data and currency movements.

Key Highlights

• Nifty 50 Index: Down 0.91% in pre-open trade.
• Nifty IT Index: Fell sharply by 5.04%, leading sectoral losses.
• Nifty Futures: Index futures down 0.52%, signaling cautious outlook.
• Market Sentiment: Weakness driven by global cues, IT sector pressure, and investor caution.
• Outlook: Range-bound trade likely; stock-specific moves expected to dominate.

The pre-open weakness underscores the importance of global signals and sectoral performance in shaping intraday momentum. Investors are advised to monitor IT sector developments and international trends closely.

Sources: Reuters, Economic Times, Business Standard, Moneycontrol