Indian Stock Market Update: Sensex, Nifty Open Lower Amid Weak Global Cues

Indian equity markets started Tuesday’s session on a weak note, pressured by declines in heavyweight Reliance Industries and IT stocks. The downturn came as Asian markets followed Wall Street’s losses, reacting to former U.S. President Donald Trump’s reaffirmation of planned tariffs.

As of 9:20 am, the BSE Sensex was down 386 points (0.53%) at 72,665, while the Nifty50 dropped 145 points (0.66%) to 21,974.

Commenting on market trends, Vivek Sharma, Investments Head at Estee Advisors, emphasized the risks of market timing. “Markets deliver asymmetric returns. Periods of stagnation are often followed by short bursts of strong performance, which significantly impact overall returns. For instance, from 2019 to 2023, markets cycled through phases but still delivered an average annual return of 18%. However, if an investor missed just the three best months during that period, their returns would have dropped to -5%,” he noted.