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Indian markets opened on a muted note today despite positive cues from global market. The benchmark Nifty started the session below the 26,000 mark and remained under pressure throughout the day, eventually slipping below 25,800. Bank Nifty mirrored this weakness, reflecting broad-based selling across major sectors. Sentiment was further dampened after India’s Trade Minister reiterated that the country would not rush into trade agreements under restrictive conditions, weighing on investor confidence.

Among sectors, Metals and Realty stocks showed relative strength, while weakness persisted in Banks, Consumer Goods, Healthcare, Financial Services, and Pharma counters. On the derivatives front, notable open interest buildup was seen in SAMMAANCAP, MARICO, CUMMINSIND, COFORGE, and HINDUNILVR, indicating active positions in these counters.

Technically, Nifty remains range-bound between 25,500 and 26,000 levels, and a decisive move beyond this band will likely set the tone for the next directional trend.

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