The Sensex and Nifty indices saw a dip in early trading on Friday, weighed down by continuous foreign fund outflows and weak trends in key blue-chip stocks, including Reliance Industries and ICICI Bank, according to PTI.

Market analysts noted that, in the short term, the Indian market is expected to trade sideways as investors await clarity on several economic indicators, including corporate earnings, a boost in domestic consumption, and a shift in foreign fund flows. According to PTI, foreign investors have been steadily offloading their holdings, adding further pressure to the markets.