Mumbai, Nov 14 – Indian stocks opened the session in the red, led by worries that the U.S. Federal Reserve will hold interest rates steady and a sharp sale by foreign institutional investors (FIIs). The tally for Bihar’s election results also added to nervousness.
By 9:25 a.m., the Sensex had slipped 292 points, 0.35 % to 84,185, while the Nifty fell 85 points, 0.33 % to 25,794. Broad‑cap indices moved in the opposite direction – the Nifty Midcap 100 was up 0.27 % and the Smallcap 100 gained 0.15 %.
Sector performance was mixed. Fast‑moving FMCG dropped 0.28 %, IT waivered 0.94 %, Auto slipped 0.35 % and Metal fell 0.54 %. Media stocks were the only bright spot, rising 0.72 %.
Market analysts say the reaction to the Bihar vote will be short‑term. “The bigger picture stays rooted in fundamentals, especially earnings growth,” one said. Another added that steady GDP growth and improving earnings give investors some hope. Key technical levels for the Nifty are a resistance at 25,950, followed by 26,000, and support near 25,700 and 25,750.
Asia‑Pacific markets opened lower, mirroring the decline on Wall Street as tech stocks continue to slide and expectations for Fed rate cuts shrink. In the U.S., the Nasdaq slid 2.29 %, the S&P 500 fell 1.66 % and the Dow dropped 1.65 % overnight.
In the region, Shanghai fell 1 %, Shenzhen 1.09 %, Japan’s Nikkei 1.65 %, Hong Kong’s Hang Seng 1 % and South Korea’s Kospi 2 %. On Thursday, FIIs sold ₹384 crore of shares, while domestic institutional investors (DIIs) bought ₹3,092 crore worth of equities.
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