Indian benchmark indices opened lower on Friday, 16 October, 2026 pausing after yesterday’s gains. The BSE Sensex fell over 140 points to trade below the 74,200 level, while the NSE Nifty 50 dropped 10 points, slipping below the crucial 23,000 mark. Sector Watch: IT Media Lead, FMCG Drags Market trends showed mixed movement across sectors today: Gainers: Information Technology (IT) and Media stocks attracted buyer interest, helping limit overall market losses. Losers: Fast-Moving Consumer Goods (FMCG) shares witnessed profit-booking and dragged on the indices. Global Markets: Strong Cues from Asia and US Despite weakness in the domestic market, major global markets traded on a positive note. 1. Asian Markets (Trading Higher Today) Major Asian indices rallied today, led by strong gains in South Korea’s Kospi and Japan’s Nikkei: 2. US Markets (Closed Higher Yesterday) Wall Street ended in the green in the previous trading session, driven by solid gains in the Dow Jones: Institutional Activity: FII Selling Continues Foreign Institutional Investors (FIIs) remained net sellers in the Indian market, pulling out over ₹10,000 crore over the past seven trading sessions. On the other hand, Domestic Institutional Investors (DIIs) continued to buy shares, providing crucial support to the market. FII DII Cash Flow Summary (in ₹ crore): (Note: Positive figures indicate net buying; negative figures indicate net selling.) Post navigation Reliance responds to Starlink dispute, says it is not afraid:Said: Rules are equal for everyone in India; our satellite network is also awaiting approval Saudi Arabia-bound Air India flights stand cancelled until 20 Oct:Passengers to get a full refund on cancelled tickets
