Mumbai (Maharashtra) [India], February 24 (ANI): Indian stock markets opened with promoting stress on Tuesday, monitoring sharp declines in US markets amid considerations over tariffs, geopolitical tensions, and AI-led disruptions affecting world expertise shares.
The Nifty 50 index opened at 25,641.80, down by 71.20 factors or 0.28 per cent, whereas the BSE Sensex opened at 83,052.54, declining by 242.12 factors or 0.29 per cent.
Market sentiment remained cautious following a pointy sell-off in US markets on Monday. The Dow Jones Industrial Average fell by 821 factors to shut at 48,804, marking a decline of 1.66 per cent.
The broader S&P 500 index declined by 1.04 per cent or 71.76 factors to settle at 6,837 factors, whereas the Nasdaq index fell by 1.21 per cent or 277.13 factors to shut at 22,608.
Ajay Bagga, Banking and Market Expert, instructed ANI, ‘Tough day within the US markets on Monday. AI jitters meet Iran forebodings meet Tariffs chaos resulting in skittish markets that offered off and stayed offered off. Indian markets have seen FPI shopping for in February that has supported the markets. Indian futures are down 100 factors on the open, although given as we speak is the Feb expiry, anticipate volatility and two approach cease loss triggering strikes.’
He added, ‘Global occasion threat stays the dominant narrative. With previous stalwarts like IBM dropping 13 per cent on AI fears, AI stays a disruptive power. Add on the tariffs drama and uncertainty, and we’ve three unfavorable overhangs on the markets.’
Shares of International Business Machines (IBM.N) declined sharply after AI startup Anthropic mentioned its Claude Code instrument might be used to modernize a programming language run on IBM methods. IBM shares sank 13.2 per cent. The stock closed on the NYSE with a decline of USD 33.81 to shut at USD 223.35 per share.
The promoting stress was additionally seen in broader market indices on the NSE. The Nifty 100 declined by 0.47 per cent, whereas the Nifty Midcap 100 fell by 0.38 per cent and the Nifty Smallcap 100 declined by 0.43 per cent.
Sectoral indices additionally confirmed weak point within the opening session. Nifty IT declined sharply by 2.27 per cent, whereas Nifty Auto fell by 0.65 per cent. Nifty FMCG declined by 0.26 per cent, Nifty Media fell by 0.63 per cent, and Nifty PSU Bank declined by 0.22 per cent.
However, Nifty Metal index confirmed some resilience, rising by 0.26 per cent, whereas most different sectoral indices remained within the crimson.
Meanwhile, international institutional buyers (FIIs) in Indian markets made web investments of Rs 3,483 crore on Monday, whereas home institutional buyers offered equities value Rs 1,292 crore.
In Asian markets, efficiency remained combined. Japan’s Nikkei 225 index rose by 0.96 per cent or 529 factors to achieve 57,370, whereas Taiwan’s weighted index gained 2.41 per cent or 833 factors to achieve 34,578. South Korea’s KOSPI index additionally surged by 1.44 per cent or 84.24 factors to achieve 5,930.
However, markets in Singapore and Hong Kong declined. Singapore’s Straits Times index fell by 0.67 per cent or 33 factors to five,008.61, whereas Hong Kong’s Hang Seng index declined by greater than 2 per cent or 551 factors to 26,530. (ANI)