Fri Jan 17 04:15:07 UTC 2025: ## Indian Stock Market Opens Lower, Despite Positive Q3 Results

**Mumbai, India** – India’s stock market experienced a downturn on Friday, opening lower due to weak global cues and selling pressure in the IT and private banking sectors. The Sensex fell 325.79 points (0.42%) to 76,717.03, while the Nifty declined 86.80 points (0.37%) to 23,225. This follows negative performances in the US markets, where the Dow Jones, S&P 500, and Nasdaq all closed lower. Asian markets also showed mixed results.

Despite the overall decline, some experts point to positive indicators. The weakening dollar index and US bond yields, coupled with better-than-expected Q3 results from Reliance Industries and Infosys, offer potential for a market recovery. These two companies showed strong performance and are seen as potential catalysts for a rebound.

However, several Sensex stocks experienced significant losses, including Infosys, Axis Bank, TCS, and HCL Tech. Conversely, Reliance, Zomato, and L&T were among the top gainers. The Nifty Bank index saw a steeper decline of 0.95%, while midcap and smallcap indices also fell.

Foreign institutional investors (FIIs) continued their selling spree, offloading equities worth Rs 4,341.95 crore on Monday. Domestic institutional investors (DIIs), however, purchased equities worth Rs 2,928.72 crore on the same day.

Market watchers suggest that the recent correction has made large-cap valuations more reasonable, presenting a buying opportunity for long-term investors willing to weather the volatility caused by FII selling. They predict a rebound in this segment is likely.

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