Indian benchmark indices opened lower amid the fresh US tariff jitters, as selling was seen in the IT & financial service sectors in early trade.
Mumbai: The Indian benchmark indices opened lower on Friday amid the fresh US tariff jitters, as selling was seen in the IT and financial service sectors in the early trade.
At around 9.38 am, Sensex was trading 272.30 points or 0.34 per cent down at 80,350.96 while the Nifty declined 75.60 points or 0.31 per cent at 24,520.55.
According to analysts, the market continues to be technically and fundamentally weak. Continuous lower lows on the Nifty is technically a weak sign. From the fundamental perspective, there are no indications yet of a sharp uptick in earnings for FY26.
“In the present context of negative sentiments in the market caused by the tariff skirmishes between India and the US, FIIs are likely to continue selling in the cash market. The only saving grace is the sustained DII buying which remains strong,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.
