Market Opening in Red

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened lower on Friday, reversing the strong rally from the previous day. Nifty50 dropped below the 25,000 mark, while BSE Sensex was down by over 250 points.

Expert Insights

VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, commented on the unexpected market movement, highlighting the sharp recovery from the lows and the potential for further upside if foreign institutional investors (FIIs) continue their buying strategy.

Global Market Influence

US stocks ended mixed, with Asian markets following Wall Street's positive trend. Oil prices saw modest gains, while gold prices fell due to a stronger dollar and reduced trade tensions.

Investment Strategy

Ajit Mishra of Religare Broking advises a buy on dips strategy, emphasizing selective stock picking amid overbought conditions in certain market segments.