New Delhi: The Indian stock market opened on a negative note on Friday, the final trading day of the week, as both major indices continued a downward slide. The decline signals a reversal from the previous day’s strong gains.
At the opening bell, the Bombay Stock Exchange (BSE) Sensex was trading at 85,390.15, reflecting a decline of 242.53 points, or 0.28%. Similarly, the National Stock Exchange (NSE) Nifty 50 index was down 86.50 points, or 0.33%, trading at 26,105.65.The market breadth indicated widespread selling pressure, with 23 of the 30 stocks on the Sensex index declining.
The sentiment was even more bearish on the Nifty, where 44 of the 50 constituent stocks were in the red. All sectoral indices on the NSE were trading lower, with the Metal, Banking, and Realty sectors bearing the brunt of the losses.This weak opening follows a buoyant session on Thursday, where the 30-share BSE Sensex had rallied 446.21 points to close at 85,632.68.
The Nifty 50 had also finished strong, gaining 139.50 points to end the day at 26,192.15.
