Stock Market Opening Bell: Sensex dips 400 pts, Nifty below 25800—TMCV down 3%

Stock Market Opening Bell: Indian equity markets opened lower on Friday, following a sharp sell-off across Asian markets and overnight weakness on Wall Street. Investors are also watching the Bihar Assembly election results 2025 and the October wholesale inflation numbers.

The Nifty50 opened at 25,767.90, down 111.25 points or 0.43 per cent, compared with its previous close of 25,879.15. The BSE Sensex was at 84,060.14, lower by 418.53 points or 0.50 per cent.

Tata Motors CV, Infosys, Tata Steel, Maruti Suzuki, Tech Mahindra, Tata Motors PV, HCL Tech, ITC, TCS, and ICICI Bank were among the top losers on the Sensex.

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Bharat Electronics, Eternal, Trent, Bajaj Finance, Axis Bank, and Adani Ports saw early gains.

In the broader market, performance was mixed. The Nifty 100 declined by 0.25 per cent, while the Nifty Midcap 100 rose 0.27 per cent. The Nifty Smallcap index gained 0.16 per cent, indicating selective buying in mid- and small-cap counters despite cautious sentiment in large caps.

Sector-wise, the trend remained uneven. Nifty Auto dropped 0.36 per cent, FMCG slipped 0.26 per cent, and Nifty IT declined 0.95 per cent. On the other hand, Nifty Media advanced 0.53 per cent, while Nifty Pharma stayed in the green. Nifty PSU Bank and Nifty Metal were down 0.42 per cent each, reflecting pressure across rate-sensitive and commodity-linked sectors.

Global cues stayed weak. US markets saw a sharp fall on Thursday amid concerns over stretched AI valuations and US Federal Reserve comments suggesting that a December rate cut is not guaranteed.
Asian markets mirrored the sentiment, trading lower this morning following the weak US hand-off and disappointing Chinese economic data