Benchmark equity indices extended their losing streak for a sixth straight session in early trade on Tuesday, with the Sensex falling over 300 points and the Nifty slipping below the 25,600 level, as weak sentiment continued to weigh on Dalal Street.
At around 9:21 am, the Sensex was trading at 83,252.86, down 323.38 points, while the Nifty stood at 25,592.60, lower by 90.70 points. Losses were broad-based, reflecting rising investor caution amid persistent domestic concerns and unsettled global cues.
Commenting on the market mood, Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said the market has “turned distinctly weak,” driven by a combination of India-specific issues and intensifying global geopolitical risks.
He pointed to growing uncertainty around the US-India trade deal, geopolitical developments in Venezuela and Iran, and recent remarks by former US President Donald Trump as factors unsettling investor confidence.
Vijayakumar noted that these concerns have pushed up the India volatility index, India VIX, signalling the likelihood of heightened volatility ahead.
He also flagged the lack of clarity over a potential US Supreme Court ruling on Trump-era tariffs, saying developments on this front could emerge at any time and keep markets on edge.
Looking ahead, he said near-term market direction will also depend on Q3 earnings and management commentary from IT majors, large banking stocks and heavyweight companies such as Reliance Industries.
From a technical perspective, Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited, advised traders to remain selective and disciplined.
Given the current backdrop, Shah said traders should adopt a range-bound approach, favour strong stocks on declines and wait for clear breakouts before building aggressive positions.
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