The Nifty 50 index declined by 119 points, or 0.52 per cent, to open at 22,809.90 points, while the BSE Sensex opened at 75,641.41 points with a dip of 297.80 points. The Indian stock market is underperforming this year, with the Nifty delivering negative 3.4 per cent returns compared to 4.19 per cent return in the S&P 500 and 11.7 per cent in Europe. The underperformance of the broader market is significant, with a 9.6 per cent decline in Midcaps and a 22 per cent drop in Smallcaps. In other Asian markets, Taiwan’s Taiwan Weighted Index and Indonesia’s Jakarta Composite Index rallied with gains of more than 1 per cent. The Hang Seng gained 0.38 per cent and the Nikkei 225 was up by 0.04 per cent,. and South Korea’s Kospi gained0.72 per cent on Monday. The Nifty Realty index declined more than 2 per cent while Nifty Auto was down by 1.72%.
The Nifty 50 index declined by 119 points, or 0.52 per cent,….
