Nifty 50 Extends Losses As Sectoral Indices Slide

Indian equities witnessed heavy selling pressure as the Nifty 50 index extended losses, dragging sectoral indices lower. Market sentiment remained weak, with investors cautious about global cues and domestic growth concerns.  

Market Performance  
The Nifty 50 index dropped 2.75%, while futures fell 1.84% in pre-open trade. Realty stocks were among the worst hit, with the Nifty Realty index down 3.5%. Mid-cap and auto stocks also faced steep declines, signaling widespread weakness across segments.  

Sectoral Trends  
The Nifty Mid-Cap 100 index fell 3%, reflecting investor risk aversion in broader markets. The Nifty Auto index plunged 4%, marking one of the sharpest sectoral declines, as auto companies faced pressure from weak demand outlook and rising input costs.  

Market Highlights  

• Nifty 50 index down 2.75%  
• Nifty futures slipped 1.84% in pre-open trade  
• Nifty Realty index fell 3.5%  
• Nifty Mid-Cap 100 index dropped 3%  
• Nifty Auto index plunged 4%  

Future Outlook  
Analysts expect volatility to persist in the near term, with global economic trends and domestic earnings season likely to dictate market direction. Investors are advised to remain cautious and focus on defensive sectors until stability returns.  

Sources: Reuters, Economic Times, Business Standard, Mint