Sensex drops 400 points; Nifty slips below 24,100 in early trade
India TodayBenchmark stock market indices fell on Friday in early trade after witnessing a rally in the previous session. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that the uncanny ability of the market to surprise was evident in yesterday’s massive 445 point rally in Nifty. "Even though FII buying helped in the rally, at Rs 1506 crores net buying it was not good enough to trigger such a massive 1.8% rally in Nifty. The financial pack showed weakness with Nifty Financial Services dropping 0.63%, Nifty Private Bank falling 0.57%, and Nifty Financial Services 25/50 declining 0.30%. Nifty Financial Services Ex-Bank added 0.25%, Nifty Midsmall Financial Services rose 0.28%, and Nifty Metal edged up by 0.08%, while Nifty Midsmall Healthcare barely stayed positive with a 0.01% gain.