Friday’s market open brought a dose of reality to Indian investors, with benchmarks dipping amid mixed international cues. BSE Sensex shed 364.85 points (0.44%) to 81,883.76 after opening near 82,220. BSE’s flagship index couldn’t maintain early levels. Nifty followed, down 119.05 points (0.47%) at 25,377.50 from 25,459.85.
The sell-off was broad-based: All Nifty indices red except IT, which rose 0.81%. Auto plummeted 0.84%, FMCG 0.99%, and banks 0.53%. Midcaps lost 0.41%, smallcaps 0.51%.
In Sensex pack, IT stole the show for day three: Infosys, Trent, Tech Mahindra, Eternal, HCL Technologies, TCS led gains. Losers included Maruti Suzuki, HUL, Ultratech Cement, M&M, Airtel, ITC, Asian Paints, Kotak Bank – hit by sector woes and profit booking.
Recapping prior volatility, analyst Akash Shah highlighted Nifty’s gap-up to 25,572.95, then 170-point plunge to 25,400, modest close at 25,496.55 (+14). Key levels: Resistance 25,600-25,650, support 25,300-25,350. RSI 47.11 neutral.
FII selling (Rs 3,465 cr) met DII buying (over Rs 5,000 cr) for third day. Amid global jitters, Shah recommends disciplined trading: Eye strong stocks on dips, await Nifty >25,800 breakout for bullish bets.