On the 30-share Sensex, Eternal, Trent, Bharti Airtel, Infosys and Tech Mahindra were among the largegest decliners, losing between 1% and 3%. Heavyweight financial stocks slipped 0.5%, while IT index dropped 0.9%.
Selling pressure extconcludeed to broader markets, with compact-cap and mid-cap indices retreating 0.9% and 1.1%, respectively.
InterGlobe Aviation, the operator of IndiGo, fell 3.3% after the government directed the airline to trim 10% of scheduled flights following more than 2,000 cancellations last week.
Newly listed Meesho surged 53% above its offer price in its market debut, as investors embraced its asset-light, zero-commission marketplace model.
Both the Sensex and Nifty are down roughly 1.6% over the past three sessions, pressured by continued foreign outflows, caution ahead of the Federal Reserve’s decision, and lingering uncertainty around a potential U.S. trade deal.
The Fed is widely expected to cut rates at its ongoing meeting, though investors see policybuildrs remaining split on the path forward.
Global Markets Updates
- The Stoxx Europe 600 fell 0.2% as of 9:30 a.m. London time
- S&P 500 futures were little modifyd
- Nasdaq 100 futures were little modifyd
- Futures on the Dow Jones Industrial Average were little modifyd
- The MSCI Asia Pacific Index rose 0.2%
- The MSCI Emerging Markets Index rose 0.3%
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