Indian equity markets opened sharply lower on Friday, with the BSE Sensex dropping 731.94 points, or 0.87 per cent, to 82,942.98 by 9:16 am, while the Nifty 50 fell 225.90 points, or 0.88 per cent, to 25,581.30
Indian equity markets opened sharply lower on Friday, with the BSE Sensex dropping 731.94 points, or 0.87 per cent, to 82,942.98 by 9:16 am, while the Nifty 50 fell 225.90 points, or 0.88 per cent, to 25,581.30. Early trading saw a broad-based selloff led by technology and heavyweight blue-chip stocks.
Technology counters bore the brunt of the losses. Infosys plunged 7.18 per cent to Rs 1,287.55, TCS fell 5.41 per cent to Rs 2,603, and HCLTech dropped 5.16 per cent to Rs 1,400. Tech Mahindra was also down 3.03 per cent, highlighting continued investor caution toward IT shares.
Among other major contributors, consumer and industrial giants such as Hindustan Unilever (-1.66 per cent), Mahindra & Mahindra (-1.47 per cent), and Tata Steel (-1.03 per cent) weighed on the market. Energy and utility stocks including PowerGrid (-0.39 per cent) and NTPC (-0.41 per cent) also edged lower.
On the upside, a handful of counters managed modest gains. Eternal rose 0.49 per cent to Rs 299.35, Bharti Airtel gained 0.27 per cent to Rs 2,020.50, and Axis Bank added 0.22% per cent to Rs 1,343.00.
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