Indian stock market opens lower, Nifty below 23,800 [Video]

The Indian stock market opened lower on Monday as selling was seen in the auto, IT, PSU bank, financial service, FMCG, media, energy and metal sectors on Nifty in early trade.

At around 9:30 am, Sensex was trading at 78,523.25 after declining 175.82 points or 0.22 per cent, while the Nifty was trading at 23,758.20 after declining 55.20 points or 0.23 per cent.

The market trend remained negative. On the National Stock Exchange (NSE), 815 stocks were trading in green, while 1,454 stocks were in red.

According to experts, “as investors leave 2024 behind and look forward to the New Year, there will be more concerns than confidence, at least in the early days of 2025.”

“The biggest concern for stock markets, globally, is uncertainty surrounding Trump 2.0. The concern is that since market valuations are high any negative news might cause corrections,” they added.

Nifty Bank was down 74.80 …