Sensex, Nifty Slip in Early Trade Amid Global Weakness and Trade Deal Uncertainty

Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Monday, tracking weak global cues, persistent foreign fund outflows and uncertainty surrounding the India–US trade deal.

The 30-share BSE Sensex fell 384.39 points to 84,883.27, while the NSE Nifty slipped 122.90 points to 25,924.05 in early session trading. Analysts said cautious investor sentiment, coupled with concerns over the delayed trade agreement, weighed on market mood.

Among Sensex stocks, Mahindra & Mahindra, Bharti Airtel, Trent, NTPC, Bajaj Finserv and Power Grid were the major laggards. However, Asian Paints, Hindustan Unilever, UltraTech Cement, Bharat Electronics and Tata Steel provided some support to the index.

Asian markets traded lower, with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng all quoting in the red. US markets ended lower on Friday, adding to the negative sentiment.

Foreign Institutional Investors (FIIs) sold equities worth ₹1,114.22 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth ₹3,868.94 crore, exchange data showed.

Meanwhile, the rupee depreciated 9 paise to hit a record low of 90.58 against the US dollar in early trade. Brent crude rose 0.52 per cent to USD 61.43 per barrel.

On Friday, the Sensex had gained 449.53 points to close at 85,267.66, while the Nifty advanced 148.40 points to settle at 26,046.95.

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