Indian share markets commenced Friday on a subdued note, pressured by global unease over West Asia flare-ups. The 30-share Sensex opened 356.91 points or 0.45% lower at 79,658.99 versus prior close of 80,015.90. Nifty mirrored the sentiment, starting 109.50 points or 0.44% off at 24,656.40 from 24,765.90.
By 9:30 AM, Sensex eased to 79,699.81 (down 316.09 points, 0.40%), Nifty to 24,679.30 (down 86.60 points, 0.35%). Smaller stocks shone brighter, Nifty Midcap 100 +0.48%, Smallcap 100 +0.64%.
Technology sector buoyed sentiment with Nifty IT up 1.23%; Autos dropped 0.60%, Banks 0.85%, FMCG 0.02%. Thursday’s session had flipped the script, with Sensex rallying 1.14% and Nifty 1.17% to halt four-day losses.
Akash Shah of Choice Broking notes Nifty’s pivotal support band 24,500-24,550, near-term hurdle at 24,850. RSI’s rise to 37.55 hints at stabilization post-oversold phase.
Market dynamics revealed FIIs’ fifth-day sell-off (Rs 3,752 crore) balanced by DIIs’ seventh-day spree (>Rs 5,000 crore).
In turbulent times, restraint is key, say pros. Target quality stocks in pullbacks; await Nifty’s firm push past 25,000 to unlock upward trajectory.