IT Stocks drag Nifty even as FMCG and Healthcare hold firm; FIIs buy for third straight session
Investors weighed continued foreign fund inflows against technology-sector weakness, global uncertainties and the possibility of profit-booking after recent gains
Markets opened cautiously on November 4, with the Nifty 50 trading at 23,837.25 and the Sensex at 76,853.11, both up slightly from their previous closing prices. The muted start followed a sharp four-session rally that lifted the Nifty by 370 points. Among the top gainers were State Bank of India and ITC, while technology stocks like HCL Technologies and Infosys dragged the market down.
Foreign Institutional Investors (FIIs) continued their buying spree for the third consecutive session, purchasing stocks worth ₹6,836 crore.
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