Nifty 50 Index Extends Losses, Down 0.5%

The Nifty 50 index continued to face selling pressure, falling 0.5% in today’s session as investors remained cautious ahead of key macroeconomic data releases.

Key Highlights:

• Index Performance: Nifty 50 closed down 0.5%, extending its losing streak.
• Sectoral Weakness: IT and banking stocks led the decline, reflecting global tech weakness and domestic liquidity concerns.
• Global Market Impact: Asian markets traded mixed following muted U.S. market cues, adding to investor caution.
• Investor Sentiment: Profit-booking and inflation worries weighed on equities, with traders awaiting CPI data for policy direction.
• Market Outlook: Analysts expect volatility to persist, with near-term movements driven by global trends, currency fluctuations, and RBI’s monetary stance.

The decline underscores the fragile sentiment in Indian equities, as investors balance global uncertainties with domestic macroeconomic risks. While long-term fundamentals remain intact, short-term volatility continues to dominate trading patterns.

Sources: Reuters, NSE India, Economic Times