By 5paisa 21 Feb 2025
India’s benchmark indices, Sensex and Nifty, opened lower on February 21 as investor sentiment remained weak. At 9:45 AM, Sensex was down 200 points (0.3%) at 75,535, while Nifty slipped 65 points (0.3%) to 22,848.
Banking and auto stocks were under pressure, contributing to the overall decline in the indices. However, the telecomtelecom and construction sectors provided some support, preventing a deeper fall.
For the third consecutive session, the smallcap index outperformed, defying the broader market weakness. On the NSE, 1,782 stocks advanced, while 563 stocks declined, indicating selective buying.
Persistent foreign selling and concerns over U.S. trade tariffs added to market uncertainty. Investors remained cautious as global economic tensions influenced market sentiment.
Despite the current weakness, analysts believe most major events, including the Union Budget, are behind us. Focus now shifts to global cues, FII trends, and upcoming corporate earnings reports.
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