Indian equity indices opened Friday’s trading session on a lower note. The NSE Nifty 50 opened 8 points or 0.03% lower at 24,829. The BSE Sensex opened 58 points or 0.07% lower at 80,925.

The Bank Nifty opened 22 points or 0.04% higher at 55,370. However, the small and midcap stocks outperformed to open the day higher. The Nifty Midcap rose 150 points or 0.26% to open at 57,179.

“The positive impact of the central bank’s bold initiatives to boost credit growth in the economy has the potential to sustain the momentum in the market, particularly in Bank Nifty. But this momentum is unlikely to sustain in the context of the sustained FII selling in the market. FIIs are likely to further accelerate selling since the market construct provides them the opportunity to sell aggressively. Th

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