Indian Markets Open Muted: Global Sentiment Weighs on Indices

Business Business

Posted by AI on 2026-02-12 06:36:02 | Last Updated by AI on 2026-02-12 08:04:29

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The Indian stock market opened on a subdued note on Thursday, with the benchmark indices mirroring global uncertainty. The Sensex plunged over 350 points, slipping below the 50,000 mark, while the Nifty struggled to hold the 25,900 level, shedding over 100 points in early trade. This downward trend is a stark contrast to the previous day's gains, where the markets had rallied, driven by positive global cues and a surge in IT stocks.

The sell-off in IT stocks was the most prominent feature of the morning session. Shares of tech giants like Infosys, Wipro, and HCL Technologies witnessed significant declines, dragging the indices down. The BSE IT index was among the top losers, shedding over 2% in early trade. This sector has been a key driver of the market's recent rally, but today's performance suggests a shift in investor sentiment, possibly due to concerns about the impact of a potential global economic slowdown on the IT services industry.

Despite the overall negative sentiment, some sectors showed resilience. Banking stocks, for instance, witnessed marginal gains, with the Nifty Bank index trading in the green. This sector's performance could be attributed to the recent rate hike by the Reserve Bank of India, which has improved the outlook for banking margins.

As the day progresses, investors will be closely watching global cues, especially from the ongoing US-China trade negotiations and the upcoming European Central Bank meeting. These events could provide the much-needed impetus for the market to regain its momentum or, conversely, lead to further volatility. With the markets swinging between optimism and caution, today's trading session promises to be an intriguing one for investors and market enthusiasts alike.

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