“Sensex Slips 400+ Points, Nifty Dips Below 24,950; Adani Ent Rises 3%, M&M Drops 4%”

Sensex Opens Flat, Nifty Hovering Below 25,100 Ahead of India-EU FTA News

Indian benchmark indices opened largely flat on Tuesday as investors kept an eye on developments around the anticipated India–EU free trade agreement. The BSE Sensex started at 81,436.79, down 100.91 points, while the Nifty50 opened at 25,063.35, up a marginal 14.70 points.

Among Sensex stocks, Axis Bank, UltraTech Cement, and Adani Ports led the gains, while Kotak Mahindra Bank, Eternal, and M&M were the biggest losers. The broader market showed mild weakness, with the Nifty SmallCap 100 index down 0.26% and the Nifty MidCap 100 slipping 0.13%.

Global Cues

Asian markets traded mixed as US tariff concerns resurfaced after former President Donald Trump warned of higher duties on South Korea. South Korea’s KOSPI rebounded 0.7% after an early decline, while Japan’s Nikkei 225 inched up 0.1%.

US markets closed higher on Monday ahead of key mega-cap earnings and the Federal Reserve’s interest rate decision later this week. The S&P 500 rose 0.50%, the Nasdaq Composite gained 0.43%, and the Dow Jones Industrial Average climbed 0.64%.