Sensex, Nifty open lower amid rising geopolitical tensions
MUMBAI: The Indian benchmark indices continued their decline on Monday amid rising geopolitical tensions and uncertainty surrounding the India-US trade deal.
As of 9.22 am, Sensex slipped 95 points, or 0.44 per cent to 83,212 and Nifty eased by 95 points, or 0.37 per cent to 25,588.
Main broad-cap indices were in line with benchmark indices, with the Nifty Midcap 100 down 0.33 per cent, while the Nifty Smallcap 100 lost 0.57 per cent.
Except metal and FMCG, all other sectoral indices were in the red zone -- with pharma, realty and media down over 1.4 per cent.
Immediate Nifty support lies at 25,500–25,600 zone, while a sustained breakout above 25,800–25,850 is essential to stabilise near-term momentum, market watchers said.
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