After a brief recovery at the end of last week, equity markets opened on a negative note Monday, with the BSE Sensex plunging 705.65 points to 81,702.52 and the NSE Nifty falling 182.85 points to 24,929.55 during early trade.
The sharp decline follows Friday’s strong rebound of over 1% in both indices, which had snapped a three-day losing streak. Last week’s rally was driven by bargain buying in financial, telecom, and technology sectors, coupled with a drop in global crude oil prices.
However, the current volatility indicates lingering investor concerns around global economic trends and market corrections, keeping traders on edge as the session unfolds.