Sensex, Nifty edge lower in thin year-end trade ahead of earnings
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Indian stocks opened marginally lower on Friday, with the Sensex and Nifty struggling for direction amid thin year-end trading volumes, as investors held back on fresh bets ahead of upcoming earnings cues. The Sensex fell 52 points, or 0.06%, to open at 85,356.67, while the Nifty 50 slipped 13 points, or 0.05%, to 26,129.20. Market participants said any meaningful upside from here would hinge on earnings momentum rather than near-term flows. On the Sensex, losses were led by Bajaj Finance, Sun Pharmaceutical Industries, Eternal, Tata Steel and Tata Consultancy Services, with the stocks down between 0.5% and 2% in early trade. Broader markets also eased, with both the mid-cap and small-cap indices slipping about 0.1% each. Defence-related shares bucked the softer tone. Bharat Electronics and Bharat Dynamics rose as much as 3% ahead of a meeting of the Defence Acquisition Council later in the day. The council, chaired by Defence Minister Ra...