Mumbai: Indian equity benchmark indices opened sharply lower today, affected by a surge in Foreign Institutional Investor (FII) outflows and overall weakness in the global market.

The domestic stock market witnessed a decline in share values due to fragile global sentiment and certain domestic economic factors. The prevailing weak trend in international stock exchanges, combined with significant foreign investment withdrawal, put pressure on Indian indices right from the opening bell.

The 30-share BSE Sensex began trading with a steep decline, falling 631.93 points to open at 82,679.08.

The broader NSE Nifty 50 followed suit, dropping 184.55 points to commence trading at 25,325.15.

Market Movers and Global Cues -

US stock markets had closed marginally lower on Thursday, contributing to the negative sentiment that spilled over into Asian trading. iQOO Neo 10R 5G (Raging Blue, 8GB RAM, 128GB Storage) | Snapdragon 8s Gen 3 Processor | India's Slimmest 6400mAh Battery Smartphone | Segment's Most Stable 90FPS for 5 Hours

Among the Sensex constituents, several major companies opened with losses, including NTPC, HCL Tech, Bharti Airtel, Tata Consultancy Services (TCS), Tech Mahindra, and Maruti. However, a few stocks managed to post gains, notably ITC, ICICI Bank, Eternal, and Power Grid.

FII vs. DII Activity -

Exchange data revealed significant activity in the institutional segment on Thursday:

Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹3,263.21 crore.

Domestic Institutional Investors (DIIs) provided some counterbalance, purchasing shares worth ₹5,283.91 crore.

The BSE Sensex and Nifty 50 are considered the principal barometers of the Indian stock market. Also Read: Engineer Commits Sui**cide After Facing Financial Distress and Stock Market Losses!