Nifty 50 Turns Negative, Slips 0.4% in Early Trade

The Nifty 50 index slipped into negative territory today, falling 0.4% after opening flat. Market sentiment weakened as selling pressure emerged in key sectors including banking, auto, and IT. Broader indices also mirrored the decline, reflecting cautious investor mood amid global market uncertainty.

Analysts point to mixed global cues, rising crude oil prices, and foreign institutional investor (FII) activity as factors influencing the downturn. While select defensive stocks provided some support, overall sentiment remained subdued. Market watchers expect volatility to continue as earnings season unfolds and macroeconomic indicators shape investor confidence.

Key Highlights

• Index Movement: Nifty 50 down 0.4% in morning trade.
• Sectoral Drag: Banking, auto, and IT stocks led declines.
• Global Cues: Mixed signals from international markets weighed on sentiment.
• Commodity Impact: Rising crude oil prices added pressure.
• Investor Focus: Corporate earnings and FII flows remain key drivers.
• Outlook: Volatility likely to persist in near term.

Sources: Reuters, Economic Times, Business Standard