Indian equity benchmarks opened on a cautious note on Friday, August 7, reversing the momentum from the previous session.
The Nifty 50 slipped to 24,606.35, down 29.65 points or 0.12 per cent from its previous close of 24,636.
The BSE Sensex opened at 78,516.08, reflecting a mixed start to the trading day as investors weighed conflicting signals across sectors.
The market's cautious stance was driven by renewed concerns over crude oil prices linked to West Asia, which weighed on overall sentiment.
Financial stocks emerged as the primary drag on the indices, bleeding points in early trade.
This sectoral weakness contrasted sharply with the performance of information technology stocks, which led the gainers' board and provided a counterweight to the broader market decline.