Indian shares opened lower on Tuesday, with the BSE Sensex down 480 points (0.7%) at 73,627 and the NSE Nifty dropping 139 points (0.6%) to 22,829. The market’s sluggish start was influenced by geopolitical tensions, as Iran rejected ceasefire proposals amid escalating threats from U.S. President Trump. This backdrop led to broad-based selling, impacting major stocks like SBI, ICICI Bank, and Hindustan Unilever, which fell between 1-2%.
Amid the downturn, some companies reported mixed earnings results. Jubilant Foodworks saw an 8% decline after weak Q4 growth, while FSN E-Commerce Ventures dropped 3% due to acquisition discussions. Conversely, PC Jeweler rose nearly 2% following a strong quarterly revenue increase of 32%, and Godrej Consumer Products gained 2.5% on positive revenue growth forecasts.
Market professionals should note the heightened volatility stemming from geopolitical risks, which may continue to influence trading sentiment and sector performance in the near term.
Source: nasdaq.com