MUMBAI: The Indian stock market opened lower on Thursday, declining for a fifth straight trading session as continued foreign fund outflows and US visa curbs kept market participants on edge.
At the opening of the trading session, the BSE Sensex was down over 180 points at 81,574.31, and the Nifty 50 at the National Stock Exchange (NSE) was down by over 51 points at 25,034.50.
Stocks of about 1182 firms advanced, 1186 stocks declined, and 151 shares remained unchanged in the opening session.
On NSE, the stocks of Hindalco, Dr Reddy’s Labs, ONGC, Tata Steel, and Tata Consumer were among the major gainers, while the major losers were Tata Motors, Bajaj Finance, Titan Company, Maruti Suzuki, and Hero MotoCorp.
Motilal Oswal Financial Services Ltd, in its market outlook, added that the sen