The opening of benchmark indices Nifty and Sensex on November 21 was lower due to a combination of global and domestic pressures. Investor sentiment has been dampened by rising geopolitical tensions related to the Russia-Ukraine conflict and a significant bribery indictment involving Gautam Adani and seven others in a New York federal court.
As of 9:30 am, the Sensex fell by 404.68 points, or 0.52 percent, to 77,173.70, while the Nifty dropped 147.20 points, or 0.63 percent, to 23,371.30. Market breadth was negative, with more declining shares than advancing shares. Market analysts are concerned about the current sentiment, as the tensions between Russia and Ukraine have added to an already cautious atmosphere. The weak opening in Asian markets, influenced by disappointing revenue figures from Nvidia, has further impacted investor behavior.