Mumbai, May 9
The Indian frontline indices opened lower on Friday on the expected lines, amid rising tensions between India and Pakistan.
At 9:23 am, Sensex was down 529 points or 0.66 per cent at 79,805 and Nifty was down 207 points or 0.85 per cent at 24,066.
Selling was also seen in midcap and smallcap stock. Nifty midcap 100 index was down 509 points or 0.96 per cent at 52,719 and Nifty smallcap 100 index was 232 points or 1.44 per cent at 15,951.
"After a negative opening, Nifty can find support at 24,000 followed by 23,800 and 23,700. On the higher side, 24,300 can be an immediate resistance, followed by 24,400 and 24,500," said Hardik Matalia from Choice Broking.
Among the sectoral indices auto, IT, financial services, pharma, FMCG, realty and energy were top laggards.
In the Sensex pack, Titan, L&T, Tata Motors and Asian Paints were top gainers. Power Grid, UltraTech Cement, ICICI Bank, HDFC Bank, HCL Tech, Tata Steel Bajaj Finance, Bajaj Finserv, Sun Pharma, HUL and Bharti Airtel were major losers.
The ongoing uncertainty continues to make traders cautious, potentially clouding the prevailing trend amid lingering geopolitical tensions.