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Sensex, Nifty open flat as IT stocks drag, but FII buying supports market sentiment
ANI News 2 hrs ago·4 Nov 2026, 4:06 am
Indian equity benchmarks opened on a cautious note, with the Nifty 50 and Sensex trading nearly flat. The market's early weakness was primarily driven by a pullback in information technology (IT) stocks, a key sector for domestic investors. However, the broader sentiment remained supported by consistent foreign institutional investor (FII) buying, which helped offset the early selling pressure.
For investors, this mixed start highlights the ongoing tug-of-war between domestic sectoral weakness and foreign inflows. The IT sector's decline suggests some profit-taking after recent gains, while FII activity indicates sustained foreign interest in Indian equities. This divergence suggests the market may remain range-bound in the near term, with volatility likely to persist as investors monitor global cues and domestic earnings data.
Excerpt from ANI News
ANI | Updated: Nov 04, 2026 09:36 IST Mumbai (Maharashtra) [India], November 4 (ANI): Indian stock markets opened flat on Wednesday, with the Sensex and Nifty trading in the red, even as the recent return of foreign institutional investors (FIIs) to domestic equities continued to support investor sentiment. The Nifty…Read the original at ANI News
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