Sensex opens 100 points lower, Nifty below 25,100; Wipro jumps 3%
Nifty Private Bank faced the biggest decline at 1.15%, followed by Nifty Healthcare which dropped 0.31%. Nifty FMCG fell 0.22%, Nifty Pharma declined 0.08%, and Nifty Consumer Durables slipped 0.01%."Along with selling in the cash market FIIs have been increasing short positions in the derivatives market too, which reflect a bearish outlook," said Vijayakumar. "Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity," he added. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
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