 "Foreign inflows hold the key")
The benchmark indices on Friday extended losses tracking cautious trade in global markets ahead of US President-elect Donald Trump's swearing-in ceremony later in the day even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.
At 01:05 pm, the S&P BSE Sensex was trading at 27,091, down 218 points, while the broader Nifty50 was ruling at 8,371, down 64 points.
"Going forward, momentum traders should continue with their optimistic stance as long as 8,397-8,370 support remains unbroken. On the flipside, the immediate and strong resistance for Nifty is seen around
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