Indian benchmark equity indices opened flat on Friday, as strong institutional inflows and optimism over domestic economic growth were offset by cautious trading ahead of the GDP data release later in the day.
At 9:24 am, the BSE Sensex was down 35 points, or 0.04%, at 81,667, while the Nifty50 inched up 22 points, or 0.09%, to 24,855.
Foreign portfolio investors (FPIs) bought Indian equities worth Rs 884 crore ($103.5 million) on Thursday, marking their fifth straight session of net inflows.
With $2.6 billion in net foreign inflows so far in May, FPI buying is on track to log its highest monthly total since September 2024, when benchmark indices hit record highs.
Among Sensex stocks, Adani Ports, Nestle India, L&T, Sun Pharma, and Bajaj Finserv opened higher, while Infosys, Tech Mahindra, HCL Tech, and IndusInd Bank saw early declines.
Among individual stocks, Ola Electric Mobility slumped 9.7% after the electric two-wheeler maker reported a sharp rise in March quarter losses, with net loss widening to Rs 870 crore from Rs 416 crore a year earlier.
Shares of real estate firm Sobha jumped 6.7% after the company posted a nearly six-fold rise in consolidated net profit to Rs 40.85 crore for Q4 FY25.
On the sectoral front, Nifty IT dropped over 1%, while Metal slipped 0.5%. In contrast, Nifty Bank, Financial Services, Realty, and Oil & Gas indices opened higher.
At 9:24 am, the BSE Sensex was down 35 points, or 0.04%, at 81,667, while the Nifty50 inched up 22 points, or 0.09%, to 24,855.
Foreign portfolio investors (FPIs) bought Indian equities worth Rs 884 crore ($103.5 million) on Thursday, marking their fifth straight session of net inflows.
With $2.6 billion in net foreign inflows so far in May, FPI buying is on track to log its highest monthly total since September 2024, when benchmark indices hit record highs.
Among Sensex stocks, Adani Ports, Nestle India, L&T, Sun Pharma, and Bajaj Finserv opened higher, while Infosys, Tech Mahindra, HCL Tech, and IndusInd Bank saw early declines.
Among individual stocks, Ola Electric Mobility slumped 9.7% after the electric two-wheeler maker reported a sharp rise in March quarter losses, with net loss widening to Rs 870 crore from Rs 416 crore a year earlier.
Shares of real estate firm Sobha jumped 6.7% after the company posted a nearly six-fold rise in consolidated net profit to Rs 40.85 crore for Q4 FY25.
On the sectoral front, Nifty IT dropped over 1%, while Metal slipped 0.5%. In contrast, Nifty Bank, Financial Services, Realty, and Oil & Gas indices opened higher.
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