Markets Open Lower: Sensex Down 100 Points, Nifty Under 26,000; HUL Declines

Sensex, Nifty Open Lower on Rupee Weakness and FII Selling.

Indian benchmark indices opened in the red on Thursday, weighed down by a sharp fall in the rupee and continued foreign institutional investor (FII) outflows. The S&P BSE Sensex was up 110.14 points at 85,216.95, while the NSE Nifty 50 rose 41.15 points to 26,027.15 by 9:39 am.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said the market is facing two contrasting forces. “The rupee has depreciated over 5%, and the RBI’s non-intervention stance has triggered sustained FII selling, pulling the Nifty down 340 points from its recent record high,” he explained.

On the positive side, India’s strong economic fundamentals—including robust growth, low inflation, supportive fiscal and monetary policies, and improving corporate earnings—are likely to support the market in the medium term. He suggested that this short-term weakness could be an opportunity for long-term investors to accumulate high-quality large- and mid-cap stocks.