Indian markets open lower as Bihar vote counting begins; Sensex slips 280 points, Nifty below 25,800
Digital Desk
Indian stock markets opened on a weak note on Friday, coinciding with the counting of votes for the Bihar Legislative Assembly Elections 2025. The benchmark Sensex dropped over 280 points to 84,218.83, while the Nifty slipped below the 25,800 mark during early trade.
Sensex: Major laggards
Shares of TMCV, Infosys, Tech Mahindra, Tata Steel, ITC, TCS, HCL Tech, and Maruti were among the key losers in the initial session.
Sectoral trends: Nifty IT slides
Most thematic and sectoral indices traded in the red at market opening, with Nifty IT declining 0.79%.
Global cues mixed
Across Asian markets:
Japan’s Nikkei gained 0.059% to 51,093
South Korea’s KOSPI rose 0.11% to 4,154
Hong Kong’s Hang Seng slipped 0.66% to 26,745
China’s Shanghai Composite advanced 0.44% to 4,017
On 13 November, the US markets showed mixed momentum:
Dow Jones closed 0.68% higher at 48,255
Nasdaq Composite dipped 0.26%
S&P 500 added 0.063%
FII–DII activity
On 13 November, Foreign Institutional Investors (FIIs) recorded net sales of ₹383.68 crore in the cash segment, whereas Domestic Institutional Investors (DIIs) logged net purchases of ₹3,091.87 crore.
So far in November, FIIs have offloaded equities worth ₹8,300.76 crore, while DIIs have made cumulative net purchases of ₹29,798.79 crore. In October, FIIs sold shares worth ₹2,346.89 crore, compared to DIIs’ strong net buying of ₹52,794.02 crore.
Markets steady ahead of Bihar results
Despite Friday’s early decline, the benchmark indices had ended in the green for four straight sessions leading into the counting day.
The Bihar Assembly Elections 2025 were conducted in two phases, witnessing a voter turnout of 67.13%. Most exit polls have projected the NDA retaining power in the state.
