Mumbai (Maharashtra) [India], December 15 (ANI): Domestic fairness markets opened decrease on Monday amid cautious world cues, continued international investor promoting and uncertainty round key world central financial institution actions, as traders remained in a wait-and-watch mode for optimistic triggers akin to a beneficial US-India commerce deal.
The Nifty 50 index opened at 25,956.50, slipping by 90.00 factors or 0.35 per cent, whereas the BSE Sensex began the session at 85,034.92, declining by 232.74 factors or 0.27 per cent.
Market consultants stated the weak opening was pushed by a mix of worldwide market strain, lack of contemporary home catalysts and continued issues over international portfolio investor (FPI) outflows and foreign money motion.
Ajay Bagga, Banking and Market Expert, instructed ANI that Indian markets have been in a protracted ready part. ‘Indian markets are ‘Waiting for Godot’ in a wait mode since February 2025 for a ‘beneficial’ US commerce deal. PM Modi spoke to President Trump final week, and a US commerce delegation had one other spherical of discussions with their Indian counterparts,’ he stated.
He added that regardless of the absence of robust optimistic triggers, the low degree of market volatility displays muted expectations. ‘The good news is that markets are very skeptical and VIX is at a really low degree, a pointer to diminished expectations and lack of catalysts,’ Bagga stated.
Bagga additional famous that FPIs have bought closely this 12 months and stay cautious because of the weakening rupee. ‘FPIs have bought huge quantities this 12 months and proceed to observe the falling Rupee with trepidation. Any optimistic catalyst like an Indo-US commerce deal and a booster dose from the Union Budget 2026 may result in a pointy ‘catch up’ commerce in Indian markets,’ he stated, including that he stays optimistic concerning the long-term India story.
In the broader markets, weak point was seen throughout segments. The Nifty 100 index was down by 0.40 per cent, whereas the Nifty Midcap index fell by 0.36 per cent. The Nifty Smallcap index additionally slipped by 0.06 per cent, indicating broad-based promoting strain.
Sectorally, most indices on the NSE opened within the pink, reflecting total cautious sentiment. Nifty Auto declined by 0.84 per cent, Nifty IT misplaced 0.55 per cent, Nifty Pharma fell by 0.70 per cent, Nifty PSU Bank slipped by 0.32 per cent, and Nifty Private Bank was down by 0.26 per cent. Only Nifty Media and Nifty Metal indices managed to open with out losses.
Ponmudi R, CEO of Enrich Money, stated ‘Indian fairness markets are set to start right now’s session on a cautious notice, monitoring softer world cues as Asian markets commerce below strain, fostering a light risk-off surroundings. The broader home market construction stays constructive, underpinned by strong inside liquidity and orderly value motion round key technical help zones, which continues to cushion draw back dangers and maintain the medium-term bias intact’.
Global elements additionally weighed closely on sentiment. Investors are intently watching main central financial institution actions this week, together with the European Central Bank, which is predicted to stay on pause, the Bank of England, which is predicted to chop charges, and the Bank of Japan, which is predicted to hike charges by 25 foundation factors.
The Japanese authorities’s announcement of a stimulus package deal of over USD 110 billion has added to uncertainty, as tighter financial coverage may impression world capital flows and the carry commerce.
Meanwhile, weak point in world fairness markets additional pressured sentiment. US shares fell final week after a sell-off in AI-related shares. This weak point prolonged into Asian markets on Monday morning.
Additionally, Chinese retail gross sales, industrial manufacturing and funding information got here in beneath expectations, including to the unfavourable temper. (ANI)