SENSEX and NIFTY50 slide as global market trends weigh down market sentiment

The Indian stock market opened in the red on Tuesday, February 11, 2025, tracking mixed global cues and ongoing trade tariff concerns. Investors are playing it safe, leading to a slow start for the domestic markets.

The S&P BSE SENSEX was at 77,150.56, down 146.93 points or 0.19%, while the NSE NIFTY50 slipped 45.70 points or 0.2% to 23,335.90.

Out of the NIFTY50 stocks, 16 were in the green, while 34 were in the red. Adani Enterprises, Grasim, Hindalco, Infosys, and Tata Consumer saw gains of up to 2.44%. Meanwhile, Eicher Motors, Apollo Hospitals, Power Grid, Coal India, and BPCL were the top losers.

Global market trends

US markets closed higher overnight, disregarding the concerns raised by President Donald Trump's suggested steel and aluminium import duties. The S&P 500 rose 0.67% to 6,066.44, while the Nasdaq climbed 0.98% to 19,714.27. The Dow Jones Industrial Average gained 0.38% to close at 44,470.41.

Asian markets showed a varied trend on Tuesday. Japan's Nikkei was flat, while South Korea's Kospi rose 0.64% to 2,537.31. Hong Kong's Hang Seng dropped 0.23% to 21,473.11, and China's Shanghai Composite dipped 0.39% to 3,309.29.

Key Q3 earnings in focus

The Q3 earnings season is in its final stretch, with several big companies set to release their results today. These include Lupin, Vodafone Idea, IRCTC, Berger Paints India, Procter & Gamble Hygiene and Health Care, Steel Authority of India, Tata Investment Corporation, and NBCC (India). Investors are keeping an eye on these reports for share market investment insights.

What lies ahead?

The S&P BSE SENSEX slipped by 400 points, and the NSE NIFTY50 fell below 23,300 as of February 11, 2025, at 12:25 PM. With global uncertainties and domestic earnings in focus, the market remains cautious. Investors will closely monitor global trends, policy shifts, and corporate earnings before making significant investment decisions.