Sensex Today: Indian stock markets opened sharply lower on Monday, weighed down by selling pressure in Reliance Industries, ICICI Bank, Wipro, Tata Motors Passenger Vehicles and Cipla.
The BSE Sensex opened
around the 83,072 mark, down 498 points or 0.60 per cent, while the Nifty50 slipped 134 points, or 0.52 per cent, to 25,560.
Reliance Industries (RIL) shares declined 1.5 per cent despite the company reporting a 1.6 per cent year-on-year rise in consolidated net profit to Rs 22,290 crore for Q3FY26. Revenue increased 10 per cent to Rs 2.93 trillion, while Ebitda rose 6.1 per cent to Rs 50,932 crore. However, margins contracted to 17.3 per cent from 18 per cent a year earlier.
ICICI Bank shares fell 2.1 per cent following in-line Q3FY26 results. HDFC Bank, meanwhile, was down a modest 0.3 per cent even as its standalone profit climbed 11.5 per cent year-on-year to Rs 18,653.8 crore, with net interest income rising 6.4 per cent to Rs 32,615 crore.
In the broader market, the Nifty MidCap index slipped 0.40 per cent, while the Nifty SmallCap index declined 0.48 per cent in early trade.
Global cues
Trump has imposed a 10 per cent tariff on eight European countries, effective February 1, which will be raised to 25 per cent in June, after they opposed his plans to acquire Greenland.
Asian stock markets slipped for the first time in six sessions, led by losses in Japan’s Nikkei 225 and Hong Kong’s Hang Seng. At the same time, safe-haven assets such as gold and silver climbed to fresh record highs as tariff-related tensions intensified.
In the US, equities ended lower last week, and futures were also under pressure on Monday, with Nasdaq 100 futures down as much as 1 per cent, according to Bloomberg.
