Sensex, Nifty slip as banks, IT stocks drag; Star Health to debut

Benchmark market indices opened weaker on Friday as banks and IT shares fell. All eyes will be on Star Health and Allied Insurance Co, which will make its market debut today.

Indian shares slipped on Friday, dragged by banks and IT stocks, with sentiment also hit by weak global markets on renewed concerns about COVID-19.

The blue-chip NSE Nifty 50 index was down 0.26% at 17,471.85 by 9:17 am, while the benchmark S&P BSE Sensex fell 0.35% to 58,605.91.