Mumbai, Oct 17: Indian stock markets opened lower on Friday as investors reacted to the second-quarter (Q2) earnings of major companies, including Infosys, Wipro, and Eternal.

Weak cues from Asian markets and renewed US-China tensions also weighed on investor sentiment.

At the same time, gold prices hit a record high, adding to the cautious mood in the market. However, a sharp drop in crude oil prices — with Brent crude falling to around $60 per barrel — may help limit losses for Indian equities.

At 9:20 AM, the Sensex was trading at 83,365, down 103 points or 0.12 per cent, while the Nifty slipped 33 points or 0.13 per cent to 25,552.

“The Nifty managed to hold its gains and ended near the day’s high, closing above the 25,550 mark with a strong bullish candle. This positive momentum suggests continued strength in the near term,” analysts said.

“On the downside, immediate support is placed at 25,500, followed by 25,400, while on the upside, resistance is seen at 25,700 and 25,800 levels,” market experts added.

Eternal, HCL Tech, Infosys, Tech Mahindra, Power Grid, Kotak Mahindra Bank, Trent, Tata Steel, Ultratech Cement, and ICICI Bank were among the major losers, declining up to 3.5 per cent.

On the other hand, gains in Asian Paints, Tata Motors, ITC, Bharti Airtel, Mahindra & Mahindra, and Maruti Suzuki helped trim some of the losses. These stocks rose between 0.3 per cent and 3 per cent.

In the broader market, the Nifty MidCap index slipped 0.28 per cent, while the Nifty SmallCap index edged up 0.10 per cent.

Among sectoral indices, IT was the biggest drag, with the Nifty IT index down 1.13 per cent. The Nifty Pharma and PSU Bank indices also declined by 0.3 per cent each.

“The market is resilient and technically strong. Price action in the leading stocks indicate short covering. Even now there is big shorts in the system and the strength in the market might keep the bears on the back foot, facilitating further short covering,” market experts said.

Mumbai: Mumbai has officially been ranked the fifth happiest city in the world, according to the Time Out Index 2025, marking a proud moment for India’s financial capital. Known for its relentless pace, vibrant culture, and deep sense of community, Mumbai scored an impressive above 95 per cent happiness rating, with residents overwhelmingly stating that their city makes them genuinely happy.

The global survey, gathered responses from over 18,000 people across major cities to assess quality of life, culture, nightlife, affordability and happiness. This year, the top three spots went to Abu Dhabi (UAE), Medellín (Colombia), and Cape Town (South Africa), all celebrated for their social cohesion, creativity, and green urban spaces.

Mumbai emerged as the only Indian city on the list’s top ten, outshining several global metropolises like Beijing, Chicago and Melbourne. The maximum city is a place that, despite its chaos, offers unmatched warmth, togetherness and joy in everyday experiences, from late-night street food at Marine Drive to the energy of Ganesh Chaturthi celebrations.

According to, the happiness ranking was based on positive responses to five key statements: “My city makes me happy,” “I feel happier here than elsewhere,” “The people in my city seem happy,” “I find joy in everyday experiences” and “The sense of happiness in my city has grown recently.”

The survey noted that above 95 per cent of Mumbaikars agreed that their city makes them happy, while over 90 per cent said they find joy in its daily rhythm, whether through local festivals, art, or simply the warmth of community life.

Leading the global chart, Abu Dhabi received near-perfect scores for walkability, culture and green spaces, with 96 per cent of residents describing their fellow citizens as positive. Medellín followed, earning praise for its greenery and ‘eternal spring’ weather, while Cape Town, which also topped Time Out’s ‘World’s Best Cities’ list, was lauded for its scenic beauty and thriving arts scene. Other cities rounding off the top ten include Mexico City (4th), Mumbai (5th), Beijing (6th), Shanghai (7th), Chicago (8th), Seville (9th) and Melbourne (10th).

Navi Mumbai: Two women have been booked for abetment to suicide after a 15-year-old Class 10 student from Ghansoli allegedly died by suicide following humiliation and assault at the hands of her friend’s mother and neighbour.

The deceased, Shamika Nagesh Gawde, lived with her parents in Talavali, Ghansoli, and was preparing for her Class 10 board exams at a private tuition class.

Police said Shamika had a minor quarrel with a classmate during her tuition on Wednesday evening. Though the matter was settled, the classmate told her mother about it, after which Reshma Santosh Gavande (42) allegedly called Shamika to her home.

At her residence, Gavande, along with her neighbour Mayuri Somanath Naikwadi (40), allegedly humiliated the girl, used insulting remarks about her parents, and Gavande reportedly slapped her.

Deeply hurt and distressed, Shamika returned home and later hanged herself. Her mother found her unresponsive around 7:45 p.m. and rushed her to Airoli municipal hospital, where doctors declared her dead on arrival.

A two-page suicide note recovered from the house detailed the incident and contained an apology to her parents. Based on the note and initial inquiry, Rabale Police registered a case under Sections 107 and 3(5) of the Bharatiya Nyaya Sanhita (BNS) against the two accused for abetment to suicide.

“Preliminary investigation suggests that the accused women’s actions caused emotional distress to the minor, leading to her suicide. A detailed probe is underway,” said Senior Police Inspector Balkrishna Sawant of Rabale Police Station.

Both accused, who are neighbours residing in Radha Apartment, Ghansoli, are being investigated further.

The incident comes close on the heels of another Class 10 student’s suicide in Airoli last week, wherein the girl died by suicide after the principal allegedly insulted her in the class.