October 16, 2026 10:39 AM
Stock markets trade lower during early session amid profit-taking
Benchmark indices Sensex and Nifty drifted lower in early trade on Friday 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 per cent 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...