MUMBAI: The Indian equity markets opened the last session of the week with losses on Friday despite strong gains in the domestic IT stocks.
The Indian IT stocks defied global trends amid technology-led selloff seen in Wall Street following weaker-than-expected earnings from Nvidia.
As of 9.20 am, Sensex lost 346 points, or 0.42 per cent, to reach 81, 903, and Nifty eased 113 points, or 0.44 per cent, at 25, 383 in the morning trade.
Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 0.30 per cent, and the Nifty Smallcap 100 lost 0.37 per cent.
All sectoral indices traded in red except Nifty IT, up 1.56 per cent and consumer durables, up 0.34 per cent. Nifty FMCG and auto were the major losers, down 0.59 per cent and 0.54 per cent, respectively.