Share Market Opens Red; Sensex, Nifty Fall

Mumbai : The domestic share market opened on a negative note with both Sensex and Nifty indices slipping into the red zone following a strong rally in the previous sessions The BSE Sensex had surged by 1 48 percent or 1200 points to close at a seven-month high of 82,530 while the Nifty also touched a seven-month peak rising 1 60 percent or 395 points to 25,062 However in the current session the momentum reversed at the opening bell with investors adopting a cautious approach Selling pressure was witnessed across key sectors which led to the decline in benchmark indices Market experts attribute this correction to profit booking after consecutive gains and some concerns around global economic indicators The volatility is expected as traders digest both domestic earnings updates and global cues Investors are keeping an eye on upcoming economic data and corporate results which could influence market direction in the coming days Despite the opening dip market participants remain optimistic about the medium to long-term outlook supported by strong fundamentals and government policies The trading volumes were moderate as participants reacted cautiously after recent highs Some blue-chip stocks were among the biggest losers while others managed to hold ground amid mixed sentiments Overall the market continues to reflect investor sentiment balancing between profit-taking and fresh buying opportunities Analysts suggest maintaining a diversified portfolio and monitoring key support levels as markets show signs of short-term fluctuations The market correction is viewed as healthy for sustained growth enabling fresh entrants to participate and for valuations to stabilize Going forward investors will closely watch global events geopolitical developments and domestic economic reforms for cues The broader market performance is likely to be influenced by policy decisions and corporate earnings in the near term The session serves as a reminder that markets remain dynamic and sensitive to both domestic and international factors Investors are advised to stay informed and plan their strategies accordingly