Indian shares opened lower on Tuesday amid subdued global cues and renewed pressure on IT stocks, with foreign fund flows and rising oil prices influencing investor sentiment in a cautious trading session.
Indian shares opened lower on Tuesday as weak overseas cues and renewed pressure on information technology stocks weighed on sentiment. The BSE Sensex slipped below the 77,500 mark soon after the open, while the Nifty 50 also started in the red, reflecting a cautious start after a fragile close in the previous session. Reuters-style market reports pointed to a broader risk-off mood across global equities, with investors watching oil prices, US bond yields and foreign fund flows.
Technology counters led the decline, dragging on the benchmark indices. Infosys, Wipro, HCL Technologies and Tech Mahindra were among the weaker Nifty names, while gains in select auto, consumer and energy stocks helped limit the damage. Broader market trends were mixed, with small-cap and micro-cap shares holding up better than mid-cap stocks, which remained under pressure, according to exchange data and market-trend reports.
Foreign institutional investors remained a key concern for traders. Brokerage and market reports showed that overseas investors were continuing to trim exposure through cash and derivatives, extending a recent spell of net selling. Domestic institutional investors, by contrast, continued to provide support with steady buying, helping to cushion the market after a volatile start to the week.
Sentiment was also shaped by a firmer crude oil backdrop and a still-uneven global picture. Higher oil prices remain a headwind for India because the country relies heavily on imports, while the rise in US Treasury yields and recent losses on Wall Street added to caution. Precious metals drew bids, with gold and silver finishing higher, underscoring the day’s defensive tone even as several cyclical sectors held modest gains.
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