Mumbai, Sep 6 : Indian equity indices started lower on Friday, influenced by mixed signals from global markets. By 9:48 a.m., the Sensex had dropped 430 points, or 0.52%, to 81,771, while the Nifty was down 118 points, or 0.48%, at 25,023.
Despite the initial decline, the broader market trend remains positive. On the National Stock Exchange (NSE), 1,138 shares were advancing, compared to 992 that were declining. According to Choice Broking, the Nifty is expected to find support at 25,050, with further support levels at 25,000 and 24,950. On the upside, immediate resistance is seen at 25,250, followed by 25,300 and 25,350.
There is noticeable selling pressure in midcap and smallcap stocks, with the Nifty midcap 100 index down 330 points, or 0.56%, at 59,117, and the Nifty smallcap 100 index down 33 points, or 0.17%, at 19,487. India's volatility index (India VIX) has risen by 5% to 14.93.
Among the sectors, PSU Banks, energy, infrastructure, media, and commodities are leading the losses, while pharma, FMCG, metals, and IT sectors are showing gains. Within the Sensex, top gainers include Bajaj Finserv, Bajaj Finance, Asian Paints, HUL, Wipro, IndusInd Bank, TCS, Bharti Airtel, Tech Mahindra, Nestle, Tata Motors, and Tata Steel. Conversely, SBI, UltraTech Cement, Reliance, NTPC, ICICI Bank, HDFC Bank, HCL Tech, and Infosys are the top losers.
