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Sensex, Nifty Open Higher, Then Dip Sharply
6 Apr
Summary
- Indian equity indices Sensex and Nifty opened higher on Monday.
- Broader indices and small-cap stocks later turned negative.
- FIIs continued selling, DIIs offset with significant purchases.
Indian equity benchmark indices, the Sensex and Nifty, commenced Monday's trading session with an upward trend, influenced by mixed global signals. The 30-share BSE Sensex initially climbed 157.98 points, and the Nifty added 67.2 points.
However, the positive momentum reversed as the session progressed. Market breadth turned negative, with a greater number of stocks declining than advancing on the NSE. The BSE Midcap Select Index shed 102.02 points, and the BSE Smallcap Select Index lost 44.07 points.
Later in the trading day, the Sensex dipped 579.87 points to reach a low of 72,897.66, while the Nifty fell to 22,591.70. Several prominent stocks experienced declines, including Tech Mahindra and Sun Pharma.
Gift Nifty, an early indicator for the Nifty 50, signaled a negative start, opening with a loss of 65 points. Foreign Institutional Investors (FIIs) sustained their selling activity, divesting equities worth Rs 9,931 crore on April 2, 2026. Conversely, Domestic Institutional Investors (DIIs) significantly counterbalanced these outflows through purchases amounting to Rs 7,208.41 crore.
Asian markets presented a mixed picture, with Japan's Nikkei 225 seeing gains while Hong Kong's Hang Seng and Shanghai's SSE Composite index registered losses. South Korea's Kospi traded in positive territory.
