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Markets Swing Wild as Global Jitters Weigh on Sentiment

Indian markets witnessed a volatile trading session today, swinging between gains and losses. The day began on a weak footing, as negative global cues and concerns over the $100,000 H-1B visa fee for new applicants dampened sentiment. Benchmark indices opened with a gap-down start, mirroring the cautious mood in global markets. Despite the weak opening, the market quickly filled the gap and attempted a recovery.

However, selling pressure resurfaced, dragging the Nifty to its intraday low as profit-booking dominated the latter half of the session. On the sectoral front, IT stocks bore the brunt of the selling, followed by Pharma, Consumer Durables, and Banking counters, which all closed in the red. On the other hand, pockets of strength emerged in Energy, Media, Metals, and Consumption, which managed to stay positive to mildly positive despite the overall weakness.

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