Sensex, Nifty Slip in Early Trade Amid Global Weakness and Tariff Uncertainty

Mumbai, July 16 – Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday, mirroring subdued sentiment in global markets following a rise in US inflation and lingering tariff-related uncertainties.

Key Indices Open Lower

The BSE Sensex dropped 103.16 points to 82,467.75 in early trade, while the NSE Nifty slipped 56.75 points to 25,139.05.

Investors remained cautious, tracking mixed cues from global markets and concerns over potential tariff implications, which led to limited participation in early trade.

Major Gainers and Laggards

The following Sensex constituents traded in the green –

• Trent
• Tech Mahindra
• Adani Ports
• HDFC Bank

The top laggards included –

• Mahindra & Mahindra
• Tata Motors
• Tata Steel
• Bajaj Finance
• Bajaj Finserv
• Eternal

Mixed Global Cues

Asian markets were largely subdued, with South Korea’s Kospi, Japan’s Nikkei 225, and China’s Shanghai Composite trading lower. However, Hong Kong’s Hang Seng was in positive territory. US markets had ended mostly lower on Tuesday.

Foreign Investment and Oil Movement

Foreign Institutional Investors (FIIs) remained net buyers, purchasing equities worth ₹120.47 crore on Tuesday, as per exchange data.

Meanwhile, global oil benchmark Brent crude rose by 0.20% to USD 68.85 per barrel.

Previous Session Recap

On Tuesday, the Sensex advanced 317.45 points or 0.39% to close at 82,570.91, while the Nifty gained 113.50 points or 0.45% to end at 25,195.80.

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