Mumbai, Dec 4 || Indian stock markets opened weak on Thursday as pressure from a falling rupee and continued foreign investor selling kept sentiment muted on Dalal Street.
The opening also coincided with the weekly F&O expiry for the Sensex, adding to the cautious mood among traders.
The rupee hit a fresh record low of 90.56 against the US dollar in early trade, worsening concerns about capital outflows.
The sustained depreciation has been fuelled by steady foreign investor selling, firm demand for the dollar, and lingering uncertainty surrounding India’s trade negotiations with the US.
Against this backdrop, the benchmark Sensex began the day at 84,958, down 148 points or 0.17 per cent. The Nifty opened at 25,953, slipping 33 points or 0.13 per cent.
Most heavyweight stocks on the Sensex traded lower in the morning session. HUL, Titan, Eternal, ICICI Bank, Power Grid, Trent, Ultratech Cement, Bajaj Finserv, Tata Motors PV, NTPC, Bajaj Finance, and HDFC Bank were among the major laggards.