Overview
- Benchmarks fell for a second session on Thursday, with the Nifty closing at 25,509.70 and the Sensex at 83,311.01 as BSE breadth weakened to 3,012 decliners versus 1,202 advancers.
- Markets opened lower on Friday, with the Nifty slipping below 25,400 and the Sensex near 82,880 as Asian equities declined and Japan’s Nikkei 225 dropped about 1.4%.
- Provisional data showed FIIs sold Rs 3,263 crore on Thursday while DIIs bought roughly Rs 5,284 crore, with strategists noting FII shorting is outweighing domestic support.
- Technically, the index is below the 21-day EMA and testing the 25,500–25,300 demand zone, while options positioning points to a broader 25,000–26,000 range and an immediate 25,200–25,700 band.
- Stock pressure was led by large caps, with Bharti Airtel down over 3% on a block trade and earlier declines in Power Grid, ICICI Bank and NTPC; Bank Nifty remains in consolidation with downside flagged below 57,300.