Mumbai, November 7:
Indian equity markets opened on a weaker note on Thursday, with both the Sensex and Nifty registering sharp declines in early trade. The downturn was triggered by sustained foreign fund outflows and negative sentiment across global markets, which weighed heavily on investor confidence. Banking, IT, and metal stocks faced the most pressure as traders remained cautious amid rising geopolitical and economic uncertainties.
Market analysts noted that weak global cues, including concerns over slowing economic growth and volatility in international indices, further dampened domestic market sentiment. With investors shifting towards safer assets, experts expect short-term volatility to continue. They advised investors to remain selective and focus on fundamentally strong stocks until market stability returns.
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