Home / Business / Business News / Article / Sensex drops 400 pts after briefly hitting 80k, Nifty around 24,100

Sensex drops 400 pts after briefly hitting 80k, Nifty around 24,100

Indian stock markets opened nearly flat with slight positive movement as experts express concerns over the sustainability of FIIs' buying due to macroeconomic factors like a strengthening US dollar. Market movements are expected to remain moderate until major corporate earnings reports.

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Representational Pic

Representational Pic

The Indian stock markets opened nearly flat on Friday, continuing their movement towards the positive, as other Asian markets showed signs of strength.

The Nifty 50 index opened at 24,196.40 points, registering a modest gain of 7.75 points or 0.03 per cent, while the Sensex opened at 80,072.99 points, up by 129.28 points or 0.16 per cent.

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