Mumbai, Jan 19 || The Indian benchmark indices opened the week in the red zone on Monday, tracking weak global cues after geopolitical trade tensions rose due to US administration's comments of additional tariffs on European countries.
As of 9.30 am, Sensex lost 449 points, or 0.54 per cent to reach 83,120 and Nifty declined 148 points, or 0.58 per cent to 25,546.
Main broadcap indices performed in line with benchmark indices, with the Nifty Midcap 100 losing 0.42 per cent, and the Nifty Smallcap 100 easing 0.54 per cent.
Among sectors, except Nifty FMCG, all indices were trading in the red. IT, media as well as oil and gas were among major losers, down over 1 per cent each.
Immediate support lies at 25,600 and 25,450 zones, while resistance remained at 25,875 followed by 26,000 and 26,100, market watchers said.
Analysts predicted volatile days for stock markets in the near-term amid heightened geopolitical risks. They highlighted US President Donald Trump’s disruptive policies impacting international trade and global economic growth.