New Delhi, 2 December (H.S.): The Indian stock markets faced downward pressure in early trading on Tuesday, with both the Sensex and Nifty opening in red. Initial buying momentum led to a brief recovery in both indices shortly after the market opened. However, sellers quickly seized control within the first ten minutes, intensifying the decline.By 10 a.m., the Sensex was down 0.41%, trading near 85,288, while the Nifty slipped 0.38% to around 26,076 points.

Blue-chip stocks showed mixed performances; Asian Paints, Dr. Reddy's Laboratories, Maruti Suzuki, Bajaj Finance, and Jio Financials gained between 0.38% and 1.11%. Conversely, shares of ICICI Bank, Axis Bank, Titan Company, Bajaj Finserv, and Reliance Industries declined between 0.36% and 1.25%.

Market breadth was negative, with active trading in 2,059 shares. Among these, 833 advanced while 1,226 declined. Within the Sensex’s 30 companies, only nine were in the green, supported by buyer interest, while 21 fell.

In the Nifty 50, 13 stocks traded higher, and 37 saw losses.The Sensex opened with a drop of 316 points but briefly recovered with strong buying before the selling pressure returned. It eventually declined by over 350 points. Similarly, the Nifty started lower by around 67 points, rebounded after early buying, but fell again amid persistent selling pressure.

On Monday, the Sensex closed marginally lower by 65 points, and the Nifty ended down 27 points, continuing the cautious sentiment. The market’s cautious tone reflects global economic uncertainties and profit-booking in key sectors, underscoring a volatile trading environment as investors assess upcoming economic cues.

This mixed trend highlights the ongoing tussle between buyers and sellers as markets grapple with domestic and international developments.

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Hindusthan Samachar / Jun Sarkar