Sensex Trade Lower on July 28 Amid Weak Market Sentiments Raised by Global Cues

Indian equity indices kicked off Monday’s trading session under pressure. The BSE Sensex opened 250 points lower at 81,200, while the NSE Nifty 50 slipped 75 points to breach the critical 24,800 level.

By 11:00 AM, the BSE Sensex was trading at 81,382.36, down approximately 80 points or 0.1%. The Nifty 50 showed marginal weakness, slipping just 2 points to stand at 24,834.60. As of 12:05 PM, BSE Sensex was trading at 81,300.23, down 0.21%.

Top Gainers on BSE

On the positive side, Bajaj Finserv, Tata Motors, Hindustan Unilever (HUL), ICICI Bank, HDFC Bank, Ultratech Cement, Maruti Suzuki, and Tata Steel emerged as key gainers, partially offsetting the broader losses.

Major Losers Dragging the Sensex Down

Among the Sensex components, Kotak Bank faced heavy selling pressure, dropping over 6%. IT giants TCS, Infosys, and HCL Tech also declined sharply. Other laggards included Bharti Airtel, Bharat Electronics (BEL), Titan, and Bajaj Finance.

Also Read: Bank Nifty Trades Flat on July 28; ICICI, HDFC Gain While Kotak Bank Dips

Broader Market and Sector Performance

The broader markets showed resilience with the Nifty MidCap index climbing 0.55%, and the Nifty SmallCap index advancing 0.37%. However, sector-wise, IT stocks faced the brunt, with the Nifty IT index plunging 1.4%. Private Banks and Realty sectors also saw declines exceeding 1%.

Indian stock markets pared early losses as cautious traders eyed the looming tariff deadline later this week. The selling pressure in major IT stocks such as TCS, Infosys, and HCL Tech kept investor sentiment subdued amid a cautious trading environment.

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