Indian Markets Witness Third Day of Decline Amid Global Economic Concerns

Indian stock markets experience a third straight day of decline as global events impact investor sentiment. Despite the current downturn, experts remain optimistic about the long-term potential of Indian stocks. Nifty IT leads sectoral gains, while key companies prepare to declare quarterly financial results.

For the third consecutive day this week, Indian stock markets faced selling pressure as global economic factors continued to weigh on investor sentiment. Both the Nifty 50 and BSE Sensex indices opened lower, with declines of 0.38% and 0.37%, respectively.

Despite the recent downtrend, financial experts maintain a positive long-term outlook for Indian stocks. Ajay Bagga, a market expert, emphasized the vast growth opportunities in India for the next two decades, suggesting that current global events are beyond control. He advised investors to remain focused on their financial goals and continue investing regularly, highlighting the risk of missing market recoveries.

Sectorally, Nifty Auto, Nifty Pharma, and Nifty Realty saw minor declines, while Nifty IT led gains with an 0.8% surge. Bajaj Finance and Bajaj Finserv ranked as top gainers among the Nifty 50, with Mahindra & Mahindra and Shriram Finance as top losers. Additionally, major firms such as Hindustan Unilever and SBI Life Insurance are set to announce quarterly results. Across other Asian markets, performances were mixed with Japan's Nikkei down, while Hong Kong's Hang Seng saw a significant surge.

(With inputs from agencies.)