The Sensex started 43.69 points lower at 76,489.27, while the Nifty saw a marginal decline of 5.30 points, opening at 23,157.80. Among Nifty 50 companies, 35 stocks advanced, 15 declined, and one remained unchanged.
As the social media platforms and the stock markets are buzzed with the popularity of the new AI company DeepSeek, a report by Bernstein stated that DeepSeek looks fantastic but not a miracle and not built in USD 5 million.
Among the Nifty 50 stocks, 34 registered advances, 15 recorded declines, and 2 remained unchanged. The top gainers included Bajaj Auto, Cipla, Infosys, BEL, and Shriram Finance, while HDFC Life, JSW Steel, NTPC, Hindustan Unilever, and Nestle India were the top losers.
Indian stock market is set for a reversal in performance in the coming days says a recent report by Morgan Stanley. The report highlighted several factors that indicate a potential recovery after a period of slowdown and uncertainty.
Indian stock markets witnessed a sharp decline during opening on Monday as US President Trump imposed trade tariff on Columbia which dampened investor sentiment.
Indian markets are bracing for a pivotal week ahead, with key events like the Union Budget, macroeconomic data, Q3 earnings, and the US Fed policy decision set to influence market sentiment.