Nifty 50 Extends Losses, Down 0.6% Amid Market Caution

The Indian equity market witnessed extended weakness as the Nifty 50 Index slipped 0.6%, reflecting cautious investor sentiment. Traders remained watchful of global uncertainties, sectoral pressures, and the upcoming RBI monetary policy announcement, which is expected to set the near-term direction for equities.

Key Highlights:

• Nifty 50 Index (.NSEI): Down 0.6%, extending losses from earlier sessions.
• Sensex Performance: Also trading lower, mirroring Nifty’s weakness.
• Sectoral Pressure: IT and financial stocks led declines, impacted by global technology concerns and cautious lending outlook.
• Broader Markets: Midcap and small-cap indices showed relative resilience, with selective buying seen in consumer and energy stocks.
• Investor Sentiment: Market participants remain cautious, awaiting clarity on RBI’s stance and global trade developments.

Analysis:
The decline in Nifty highlights the fragile investor mood amid external volatility and domestic policy anticipation. While broader markets offered some support, heavyweights in IT and finance dragged the index lower. The RBI’s upcoming policy decision will be crucial in shaping near-term momentum and investor confidence.

Sources: Reuters, The Hindu BusinessLine, Goodreturns News