Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, the Sensex and Nifty, opened lower on Friday, reflecting a downtrend despite stable global markets. At the opening, the BSE Sensex fell by 426.79 points to 80,579.82, while the NSE Nifty dropped 150.55 points to 24,599.30, with all sectoral indices trading in the red. This decline comes as foreign portfolio investors (FPIs) have sold nearly ₹74,000 crore worth of shares in October, a record amount that has contributed to the bearish market sentiment. Analysts note that trading in the futures and options (F&O) market also signals negativity, with call writers dominating put writers, indicating a cautious approach among traders. The India VIX increased by 2.57%, highlighting rising market volatility. Significant open interest levels at key strike prices suggest strong resistance and support levels. Chandan Taparia from MOFSL pointed out that the market remains under pressure as long as the Nifty stays below 25,000, with downside targets towards 24,444. Additionally, nearly two dozen companies, including Jio Financial and ICICI Lombard, are set to announce their earnings today, potentially impacting market sentiment further.
