Sensex Slips Over 400 Points; Broader Markets Show Resilience

The BSE Sensex opened on a weak note, dropping over 200 points and slipping below the 82,300 level. By 11:00 AM, the benchmark index was trading at 82,209.48, down 291 points or 0.35%, while the NSE Nifty50 stood at 25,091.45, shedding 58.4 points or 0.23%.

In contrast, the broader markets showed signs of strength. The Nifty Midcap 100 gained 0.59%, while the Nifty Smallcap 100 rose 0.87%, indicating investor interest in mid and small-cap segments.

As of 11:45 AM, the selling pressure intensified, with the Sensex further declining to around 82,092, down 418 points or 0.51%.

Top Movers on the BSE Sensex

Gainers: Sun Pharma, Trent, Power Grid, NTPC, SBI, and Mahindra & Mahindra managed to stay in the green, posting modest gains of up to 0.7%.

Losers: Among the laggards, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Technologies, Bajaj Finserv, Asian Paints, and Tata Motors were down as much as 2%, weighing on the index.

Also Read: Gift Nifty Trade Lower: How Indian Market Likely to Open?

Rupee Weakens Amid Global Trade Tensions

The Indian Rupee came under pressure in morning trade, as market sentiment turned cautious following former US President Donald Trump’s announcement of a 30% tariff on imports from the European Union and Mexico, effective August 1. In response, the EU has delayed its planned retaliatory tariffs, opting to keep the door open for further negotiations.

Meanwhile, the US Dollar Index—which tracks the greenback against six major currencies—rose 0.08% to 97.93, reflecting safe-haven demand amid escalating trade uncertainty.

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