Why Did Sensex and Nifty Open Lower on Weak Global Signals?
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Synopsis
The Indian stock markets started lower on Tuesday due to weak global cues, with the Sensex and Nifty exhibiting declines. Key resistance and support levels are highlighted, alongside notable stock movements and sector performances.
Key Takeaways
- Indian stock markets opened lower due to weak global signals.
- Sensex dropped by 195 points, while Nifty fell by 64 points.
- Key resistance at 26,100 and support between 25,850–25,900.
- Some stocks remained resilient, showing minor gains.
- Sector performances varied, with Nifty PSU Bank showing positive movement.
Mumbai, Nov 18 (NationPress) The Indian stock markets commenced the day on a downward trajectory on Tuesday, driven by subpar global cues that dampened investor morale. Both major indices decreased by 0.2 percent right from the opening bell.
The Sensex fell by 195 points, settling at 84,756 in initial trades, while the Nifty dipped 64 points to reach 25,949. A majority of heavyweight stocks experienced pressure, contributing to the decline of the indices.
Market analysts indicated that, “Immediate resistance is now established at 26,100, followed by 26,150, with the 25,850–25,900 range likely providing significant support and serving as an accumulation zone for long-term traders.”
Experts emphasized, “These levels will be critical as the index navigates early weakness.”
Tata Steel, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, Tech Mahindra, HCL Tech, Sun Pharma, and Titan were among the top performers, each declining between 0.5 percent and 1 percent.
Conversely, a select number of stocks managed to remain in the positive zone. Bharat Electronics, Bharti Airtel, Axis Bank, Eternal, and State Bank of India were the only gainers on the Sensex, with increases up to 0.5 percent.
The broader market also opened weak, with the Nifty MidCap index falling by 0.25 percent and the Nifty SmallCap index dropping by 0.40 percent.
Among sectoral indices, the Nifty PSU Bank was the only sector to trade positively, gaining 0.25 percent. Conversely, the Nifty Realty and Nifty Metal indices each fell by 0.8 percent, while the Nifty IT index decreased by 0.5 percent.
The Bank Nifty reflected the broader market’s resilience, showcasing renewed buying activity.
Market observers noted, “Strong support is identified at 58,600, and a breach below this level may trigger a modest slide toward 58,800.”
“On the upside, resistance at 59,100 remains a vital barrier, and a consistent breakout above this threshold may pave the way toward 59,300, indicating a possible continuation of the bullish trend,” experts concluded.
Point of View
The current dip in the Sensex and Nifty reflects global economic uncertainties. As a national editor, it’s crucial to approach this situation with a balanced perspective, ensuring that investors are informed and prepared for potential market fluctuations. The resilience of certain sectors and stocks amidst this downturn provides a glimmer of hope for strategic investors.
NationPress
18/11/2025
Frequently Asked Questions
What caused the decline in Sensex and Nifty?
The decline in the Sensex and Nifty is attributed to weak global cues affecting investor sentiment.
Which sectors are performing well amidst the decline?
The Nifty PSU Bank sector is currently the only sector trading higher, while others like Nifty Realty and Nifty Metal have declined.
What are the key support and resistance levels?
Key resistance levels are at 26,100 and 26,150, while support is expected in the 25,850–25,900 range.
