The Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday, with BSE Sensex dipping 200 points and Nifty50 near 22,300 levels. Despite the decline, technical analysts remain optimistic about the short-term market sentiment, as Nifty closed above critical moving averages. Global markets presented a mixed picture, with S&P 500 closing higher and Asian equity markets experiencing a decline. Foreign portfolio investors (FPIs) continued to be net sellers, while domestic institutional investors (DIIs) were net buyers.
