The Indian stock market opened on a weak note on Friday, tracking subdued global cues and continued investor caution. The BSE Sensex slipped 325.48 points, or 0.39 per cent, to 82,864.80 in early trade, while the NSE Nifty declined 71.85 points, or 0.28 per cent, to 25,283.40. Broader market sentiment remained under pressure amid concerns over global economic trends, inflationary risks, and potential interest rate movements. Around 1,077 stocks advanced, 1,048 declined, while 154 remained unchanged in early trade.

On the Nifty, major laggards included TCS, Tech Mahindra, HCL Tech, Hindalco, and Trent. Meanwhile, notable gainers were HUL, Kotak Mahindra Bank, SBI Life Insurance, SBI, and ICICI Bank.

In the previous trading session on Thursday, the Indian stock market ended lower, dragged down by widespread selling across major sectors. The BSE Sensex declined by 344.66 points, or 0.41 per cent, closing at 83,191.42, while the NSE Nifty dropped 120.85 points, or 0.47 per cent, to finish at 25,355.25. Investor sentiment remained subdued due to ongoing global market volatility and lingering concerns over inflation and interest rate trajectories. Additionally, weak cues from Asian markets and profit-taking in heavyweight stocks added to the downward pressure.

(more to come)