Mumbai, Nov 7: The Indian benchmark indices opened with notable losses on Friday, amid weak global cues and FII selling.

As of 9.25 am, Sensex was down 532 points, or 0.64 per cent, at 82,778 and Nifty dipped 162 points, or 0.64 per cent, to 25,347.

The broadcap indices outperformed benchmarks in terms of losses, with the Nifty Midcap 100 down 0.89 per cent and the Nifty Smallcap 100 losing 1.26 per cent.

SBI Life Insurance, Trent, Apollo Hospitals, ICICI Bank were among the major gainers in the Nifty Pack, while losers included TCS, Titan Company, Tata Consumer and Shriram Finance.

Nifty Consumer Durables was the biggest sectoral loser, down 1.38 per cent. All the sectoral indices were trading in the red, with IT, auto and realty slipping over 1 per cent.

Analysts said that huge shorting by FIIs are overpowering the DII and investor buying in the market. The success of the FII strategy of sustained selling in India and moving money to cheaper markets has emboldened them to continue the strategy and continue shorting the market, they added.

“Short covering can lead to trend reversal but there are no immediate triggers for that in sight. FII selling has reduced the prices of fairly valued large caps particularly in banking and pharmaceuticals where growth prospects continue to be bright,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

India Inc’s second-quarter FY26 earnings, however, showed a stronger-than-anticipated performance with a 14 percent year-on-year earnings rise by companies in key sectors, especially midcaps.

The US markets ended in the red zone overnight, as Nasdaq dipped 1.9 per cent, the S&P 500 declined 1.12 per cent, and the Dow lost 0.84 per cent.

Asian markets also slipped into losses tracking the selloff in US stocks amid concerns over expensive valuations of artificial intelligence companies.

Most of the Asian markets were trading in red during the morning session. While China’s Shanghai index lost 0.17 per cent, and Shenzhen dipped 0.17 per cent, Japan’s Nikkei lost 2.16 per cent, while Hong Kong’s Hang Seng Index lost 0.98 per cent. South Korea’s Kospi dipped 2.57 per cent.

On the Thursday, foreign institutional investors (FIIs) sold equities worth Rs 3,263 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 5,284 crore.

Mumbai: Mumbai woke up on Friday morning to clear skies overshadowed by a thick layer of smog that blurred its iconic skyline. Several areas across the city, including Bandra-Kurla Complex (BKC), were shrouded in dense haze, marking a sharp decline in air quality after weeks of improvement.

According to the India Meteorological Department (IMD), while the city will experience clear skies through the day, visibility was significantly reduced in the early hours due to smog. Daytime temperatures are expected to hover around 32°C, with the minimum settling near 20°C, conditions described as pleasant for early November.

Just days ago, Mumbai enjoyed cleaner air following a brief but intense spell of rain that helped wash away pollutants and brought temporary relief from humidity. However, the improvement was short-lived, as the city’s Air Quality Index (AQI) plunged to alarming levels within a matter of days.

Fresh data from AQI.in released on Friday morning showed Mumbai’s overall AQI at 263, placing it in the unhealthy category. The figure marks a steep fall from the good to moderate readings recorded earlier in the week. Residents from several areas reported hazy horizons and visibly poor air quality, with the city’s skyline appearing smudged even after sunrise.

Among the city’s monitoring stations, Parel-Bhoiwada recorded the highest AQI at 320, followed closely by Deonar (319) and Colaba (318). Other prominent localities such as Vile Parle West (313) and BKC (310) also reported AQI levels in the severe range, indicating dangerously high concentrations of particulate matter.

Relatively cleaner air was observed in a few western suburbs, with Kandivali East recording an AQI of 93, categorised as moderate. Meanwhile, Mankhurd (140), Borivali East (163), Bhandup West (173) and Malad West (173) all fell under the poor bracket, reflecting a widespread drop in air quality across the city.

As per AQI.in’s classification, readings between 0–50 are “Good,” 51–100 “Moderate,” 101–150 “Poor,” 151–200 “Unhealthy,” and anything above 200 is deemed “Severe” or “Hazardous.”

Navi Mumbai: A massive fire broke out in a scrap warehouse located at Airoli’s Digha on November 6, an envelope of black smoke could be seen engulfing the area. According to Fire officer Santosh Patil, the fire was brought under control by 3.30 PM. He also informed that no casualties were reported in the incident.

While speaking to nerws agency Media, Fire officer Patil said, “…I received information on mobile from local workers about the fire… The fire was brought under control at 3.30, and now cooling operations are being carried out… There are no casualties in this incident…”