Stock market live updates: Sensex and Nifty in red; market sentiment dampened by geopolitical concerns

Sensex, Nifty, Share Prices LIVE: Domestic markets traded weak after opening significantly lower. At 10.10 a.m., the BSE Sensex was down 752.50 points to 83,513.79, and the NSE Nifty dropped 242.15 points to 25,554.75 amid weak global cues driven by geopolitical tensions. All sectoral indices were in the red, led by a 2% drop in Nifty Auto. The derivatives market reflects a bearish outlook, with call writing exceeding put writing for the second consecutive session. Analysts noted significant resistance at the 26,000 level and the dominance of bearish sentiment, with the put-call ratio rising to 0.77. Meanwhile, corporate downgrades moderated as CareEdge Ratings reported a credit ratio of 1.62 in H1FY25, down from 1.92 in H2FY24, especially impacting export-oriented sectors. Though a strong monsoon supports agricultural prospects, rural demand remains mixed, with declining real wages affecting purchasing power. Analysts cautioned that moderation in aggregate demand may impact growth forecasts for FY25.