
Markets open marginally lower; IT, Eternal stocks slide

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Indian markets opened lower on Friday, with the Sensex down 0.12% and Nifty down 0.1%. Nifty IT and Media sectors led losses, while Consumer Durables and FMCG gained. Wipro and Infosys fell after poor quarterly results, and Eternal dropped 4% due to a significant profit decline. Analysts suggest a cautious "buy-on-dips" strategy. Globally, Asian stocks fell amid US credit concerns, with gold hitting an all-time high. The dollar index weakened, and geopolitical tensions affected market sentiment.

