Stock markets trade lower during early session amid profit-taking
Indian stock markets experienced a decline in early trading due to profit-taking and foreign fund outflows, despite strong performance in the IT sector.
Why it matters
Reflects current investor sentiment and market volatility in the Indian financial landscape.
Stock markets trade lower during early session amid profit-taking left Image used for representation purpose only. Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/news/national/64g7u3/article71591151.ece/alternates/FREE_1200/stocks.jpg PictureXpress Business arrows moving down represent market volatility or business report Relentless foreign fund outflows and a decline in blue-chip Reliance Industries after a 4% rally in the previous trade added to the overall bearish trend in equities during the initial trading session Mumbai Benchmark indices Sensex and Nifty drifted lower in early trade on Friday (October 16, 2026) amid profit-taking, a day after recording a sharp rally. Relentless foreign fund outflows and a decline in blue-chip Reliance Industries after a 4% rally in the previous trade added to the overall bearish trend in equities during the initial trading session. However, strong buying in IT stocks cushioned the fall to a great extent in the market. The 30-share BSE Sensex declined 113 points to 74,187 in early trade.
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