The Indian Market seems set to open lower on Friday, November 14 as a result of offshore market weakness and uncertainty at home. GIFT Nifty was showing at around from the futures Nifty closing.
The market is expected to remain volatile as traders will be looking for the outcome of the Bihar Assembly elections later today.
On Thursday, benchmark indices ended nearly flat after witnessing mild profit booking at higher levels. The Sensex increased by only 12.16 points to close at 84,478.67, and Nifty 50 increased by 3.35 points to close at 25,879.15.
The broader markets showed slight weakness with midcaps and the smallcaps both down around 0.35%. Sector signals were mixed, indicating caution ahead of domestic political developments and US economic data.
