Markets Under Pressure: Nifty Below 24,350 Despite Soft US Inflation
What Happened
Indian equities opened on a cautious note today, with the Sensex starting at 77,903 (-177 points) and the Nifty at 24,362 (-34 points). Selling pressure intensified during the session, driven by geopolitical tensions in West Asia, elevated oil prices, and continued foreign investor outflows.
Key Takeaways
Indian markets are trading lower for a third straight session as foreign selling and Middle East tensions outweigh supportive global cues. However, softer US inflation data has limited the downside and prevented a sharper selloff.