📈 Sensex Today: Markets Open Higher Friday, Look to Rebound After Thursday’s Dip
Indian benchmark indices started Friday higher, driven by gains in ITC and IT stocks. However, further upward movement might be limited due to ongoing concerns about foreign fund flows and the U.S. fiscal outlook.
📉 Thursday’s Close: Auto, IT, Pharma Drag Markets Down
On Thursday, domestic stock markets closed in the red.1 The Sensex dropped 0.79% (644.64 points) to settle at 80,951.99, while the Nifty fell 0.82% (203.75 points), closing at 24,609.70. This decline was primarily due to losses in the auto, IT, and pharma sectors. Rupak De, Senior Technical Analyst at LKP Securities, attributed Nifty’s slip to global weakness following discussions around a new tax bill by the U.S. President.2
