Sensex Today: GIFT Nifty Signals Weak Start, Asian Markets Lower

The Indian stock market is expected to open on a weak note today, following two consecutive sessions of declines. GIFT Nifty futures fell 0.26% to 26,208.5, indicating a negative start for benchmark indices. On Tuesday, the BSE Sensex closed 376 points lower at 85,063.34, while the NSE Nifty 50 dropped 71.6 points to 26,178.70.  

Asian markets also retreated after four days of gains, adding to the cautious mood. Analysts suggest that while IT and pharma stocks may provide selective support, profit booking in heavyweights like HDFC Bank and Reliance Industries continues to weigh on sentiment.  

Key Highlights

• GIFT Nifty: Down 0.26% at 26,208.5, signaling a weak start.  
• Previous Close: Sensex at 85,063.34 (-0.44%), Nifty 50 at 26,178.70 (-0.27%).  
• Sectoral Outlook: IT and pharma may offer resilience amid broader weakness.  
• Global Cues: Asian shares trade lower after recent rally.  
• Investor Sentiment: Profit booking and global uncertainties keep markets cautious.  
• Support Levels: Nifty seen holding near 26,150 as short-term support.  

Sources: Economic Times, NDTV Profit, GoodReturns, The News Strike