India’s benchmark Nifty 50 index (.NSEI) indicated a mildly negative start on Tuesday, trading 0.34% lower in the pre-open session. The weakness mirrors cautious global sentiment and local profit-booking near record highs, with traders eyeing central bank signals and macro data for fresh direction.
The Nifty 50 had closed Monday at 26,175.75, slipping for a second straight session after touching fresh all‑time highs, as investors booked profits in select heavyweights. Pre-open indications showing a 0.34% dip suggest that selling pressure may extend into early trade, though the overall damage remains limited so far. Global cues are mixed, with US markets ending lower and Asian markets trading unevenly, adding to the cautious mood.
Analysts note that the index still sits comfortably above key support levels around 26,000, implying that the broader uptrend remains intact unless there is a deeper sell-off. Market participants will track flows in autos, financials, and IT, alongside movements in GIFT Nifty, rupee, crude oil, and bond yields to gauge intraday sentiment. With the RBI policy meeting and global central bank commentary on the horizon, traders may prefer range-bound, tactical trades over aggressive bets.
Key Highlights
Nifty 50 down 0.34% in pre-open trade, signaling a mildly negative start.
Follows Monday’s close where Nifty slipped 0.10% after hitting record levels.
Weak US markets and mixed Asian cues weigh on sentiment.
Key support seen around 26,000–26,100; resistance near 26,300–26,325.
Traders watching RBI policy cues, global data, rupee and crude moves for direction.
Sources: NSE pre-open data, Moneycontrol market live blog, NDTV Profit trade setup, Economic Times pre-market commentary.