Indian equity indices opened Friday’s trading session on a marginally lower note. The NSE Nifty 50 opened 124 points or 0.49% lower at 25,385. The BSE Sensex opened 430 points or 0.52% lower at 82,880.

The Bank Nifty opened 202 points or 0.35% lower at 57,352. Similarly, the small and mid-cap stocks edged lower. The Nifty Midcap declined 269 points or 0.45% to open at 59,199.

“A significant feature of the present market trend is that despite the DIIs buying far more than what the FIIs are selling (Rs 5283 crore DII buying vs Rs 3263 crore FII selling yesterday), the market continues to drift down. The huge shorting by FIIs is overpowering the DII and investor buying in the market,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.

“The success of the FII strategy o

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