Mumbai, 18 November (Udaipur Kiran). The Indian stock market opened on a weak note on Tuesday, with both benchmark indices trading in the red. At 9:25 am, the Sensex was down 164 points, or 0.19%, at 84,784, while the Nifty slipped 47 points, or 0.18%, to 25,965.
Weakness was visible across large-cap, mid-cap and small-cap segments. The Nifty Midcap 100 fell 92 points (0.15%) to 61,087, while the Nifty Smallcap 100 declined 91 points (0.50%) to 18,255.
Metal stocks led the downturn, with the Nifty Metal index falling 0.89%. Auto, IT, financial services, pharma, FMCG, realty, energy, private banks, services and PSE indices were all in the red. The PSU Bank index was the only sector trading in positive territory.
Top Gainers and Losers
Among Sensex constituents, Bharti Airtel, Axis Bank, Eternal (Zomato), Adani Ports, BEL, Asian Paints, SBI and Power Grid were among the gainers.
On the losing side were Bajaj Finserv, Bajaj Finance, Tech Mahindra, Tata Steel, M&M, Kotak Mahindra Bank, Infosys, Titan, HCL Tech, TCS, L&T, HUL, ITC, ICICI Bank, Trent, Maruti Suzuki and NTPC.
Market Outlook
According to Choice Broking, Nifty has support between 25,850 and 25,900, while resistance lies between 26,100 and 26,150. Analysts noted that if Nifty crosses 26,100, it could touch a new all-time high.
Global Cues Weak
Asian markets traded in the red, with Tokyo, Shanghai, Hong Kong, Jakarta and Bangkok indices all declining. On Monday, US markets also closed lower.
Foreign institutional investors (FIIs), after five consecutive sessions of selling, turned net buyers on 17 November, purchasing shares worth ₹442 crore. Domestic institutional investors (DIIs) also supported the market with net buying of ₹1,465 crore.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
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