Indian stock market opens lower; Nestle and Infosys lead losses

Despite the initial downturn, the market showed a mixed trend

The Indian stock market started trading on a bearish note on Wednesday, with major players Nestle and Infosys among the top losers in early transactions.

The BSE Sensex opened at 81,611.07, down 209.05 points or 0.26 percent. Simultaneously, the NSE Nifty was trading at 24,999.45, slipping 57.90 points or 0.23 percent.

Despite the initial downturn, the market showed a mixed trend. On the National Stock Exchange (NSE), 687 stocks were in the green, while 555 stocks traded lower. Similarly, on the Bombay Stock Exchange (BSE), 61 stocks gained ground compared to 52 that declined.

The Nifty Bank index was at 51,878.45, down 27.55 points or 0.05 percent, while the Nifty Midcap index saw a slight increase, trading at 59,635.05, up 41.80 points or 0.07 percent. The Nifty 100 index fell to 26,120.20, down 28.90 points or 0.11 percent.

Among the Sensex pack, Asian Paints, HDFC Bank, Bajaj Finserv, and Power Grid emerged as top gainers, while Nestle and Infosys faced the most significant losses. In the Nifty pack, SBI Life Insurance, HDFC Life, BPCL, and Asian Paints were the notable gainers, while Trent, M&M, TCS, and Kotak Mahindra recorded losses.

Market experts attribute the current bull run to sustained domestic inflows, which have absorbed selling pressure from foreign institutional investors (FIIs). “Domestic flows will continue to support the market, but elevated valuations may limit upside potential. The Nifty is likely to consolidate around the 25,000 level, with Q2 earnings expected to be weak except in sectors like IT, banking, and some automotive pockets,” they noted.

International markets also reflected mixed sentiments, with stock markets in Tokyo, Bangkok, and Seoul trading lower, while markets in Shanghai, Hong Kong, and Jakarta showed positive performance. Meanwhile, the US stock market closed in the red during the previous trading session.

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