Sensex, Nifty Opened Flat on Friday, Ahead of Long Weekend Holidays
The benchmark indices opened flat with a negative bias on Friday, ahead of long weekend holidays. Sensex fell 80.24 points to 73,583.48, while Nifty dropped 19.10 points to 22,384.75.
Market participation is anticipated to remain low, with the market to remain close on Monday following general election.
Foreign portfolio investors continued selling spree in Indian markets, adding to short positions on index futures.
Traders advised to adjust strategies on stock selection, particularly in the banking and IT sectors.