Indian benchmark indices opened slightly lower on Friday, led by weakness in IT stocks. At 9:26 a.m., the Sensex slipped 241 points, or 0.29 percent, to 82,772, while the Nifty lost 63 points, or 0.25 percent, to 25,360.
Analysts said the dip followed the US Federal Reserve’s 25 basis points rate cut. Investors were disappointed with the cautious outlook on future easing. Markets are now awaiting further clarity on US policy direction.
In broader markets, the Nifty Midcap 100 rose 0.16 percent, while the Nifty Smallcap 100 edged down 0.04 percent. Among Nifty gainers were Hero MotoCorp, Shriram Finance, Maruti Suzuki, NTPC, and Tech Mahindra. Losers included ICICI Bank, Bajaj Finance, Tata Consumer, and Titan Company.
Sector-wise, Nifty IT was the biggest drag, falling 0.40 percent. Nifty FMCG and Nifty Private Bank also weighed on the indices, while Nifty Realty and PSU Bank managed to stay positive.
Analysts noted that while buying interest remains at lower levels, resistance lies in the 25,500–25,600 zone. Support is seen around 25,300–25,100. Experts believe the uptrend remains intact, with strong fundamentals and improving earnings expected from Q3 onwards.
