MUMBAI: Indian stock markets opened on a weak note on Thursday, extending their losing streak to a fourth straight session, as negative cues from Asian markets weighed on investor sentiment.
Traders are also cautious ahead of the weekly expiry of Sensex derivatives, which is adding to intra-day volatility.
At around 9:23 a.m., the 30-share Sensex was trading at 84, 434.8, down 124.77 points or 0.15 per cent. The Nifty slipped 22.15 points, or 0.08 per cent, to 25, 789.75.
"Immediate resistance is placed at 25, 950–26, 000, and a decisive breakout above this zone could open the path toward 26, 100. On the downside, key support levels are seen at 25, 650 and 25, 700 in the near term, " experts stated.