Nifty, Sensex drop 0.9% in early trade; optimism seen post Jan 15, say experts

Indian stock markets continued their downward trend on Monday, with bears dominating the opening session.

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The Nifty 50 index opened under pressure, declining by over 1 per cent or 236.10 points to start at 23,195.40. Similarly, the BSE Sensex witnessed a drop of 749.01 points or 0.97 per cent, opening at 76,629.90. Market experts attribute the slump to a strong US Dollar and rising global bond yields, which are weighing on global equities. Adding to the uncertainty is the possibility of new policies under Trump 2.0, creating a “sell now, think later” sentiment in the market. Experts hope this pessimism will ease as strong US corporate earnings are expected from January 15. Ajay Bagga, Banking and Market Expert told ANI “The FPI short positions are nearing the level at which Indian markets have bottomed in the past. It is just one number, so we can’t be sure of it holding good. Monday markets are looking challengi