Indian Stocks End Slightly Lower as Global Risks Keep Investors Cautious
Translated from English and summarized by DistantNews. Read the original for the full story.
At a glance
- The Nifty 50 fell 0.10% to 24,055.80, while the Sensex declined 0.02% to 76,944.28.
- Investors weighed Indiaโs stronger-than-expected economic growth against geopolitical tensions, elevated oil prices and expectations of higher global interest rates.
- Financial stocks came under pressure, while FMCG and IT shares attracted defensive buying.
Indian shares ended slightly lower on Tuesday as investors balanced stronger domestic growth against a more unsettled global outlook.
The NSE Nifty 50 closed at 24,055.80, down 24.60 points, or 0.10%. The BSE Sensex fell 12.99 points, or 0.02%, to 76,944.28.
Vinod Nair, head of research at Geojit Investments, said markets were weighing Indiaโs growth momentum against rising global risks. โMarkets are increasingly balancing Indiaโs strong growth momentum against mounting global uncertainties,โ he said. Nair added that stronger-than-expected GDP growth pointed to resilient domestic demand and the wider economy.
Markets are increasingly balancing Indiaโs strong growth momentum against mounting global uncertainties. Better-than-expected GDP growth underscores the resilience of domestic demand and the broader economy.
Middle East tensions and higher crude prices renewed inflation concerns. Brent crude rose more than 2% to $92.33 a barrel at the time of reporting. Nair also pointed to a more hawkish U.S. Federal Reserve, higher U.S. bond yields and renewed foreign capital outflows as factors keeping sentiment cautious.
Financial stocks faced the heaviest pressure. Nifty Auto fell 1.22%, Nifty Pharma dropped 1.45% and Nifty PSU Bank declined 1.21%. By contrast, FMCG gained 0.94% and IT rose 0.98%. ITC, Bharti Airtel, HCL Tech and Reliance were among the leading gainers, while Shriram Finance, Maruti and Nestle ranked among the main decliners. Gold and silver prices also fell, while Asian markets closed mixed.
Persistent cost pressures may weigh on both corporate earnings and the pace of demand recovery. At the same time, higher U.S. bond yields and renewed foreign capital outflows have kept investor sentiment cautious.
Originally published by Times of Oman in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.