Mumbai/IBNS, Nov. 14 -- The Indian stock market on Friday opened in red as investors are closely watching the Bihar assembly elections.

Tata Motors CV, Tata Motors PV, Infosys, Tata Steel, Muruti Suzuki, ICICI Bank were among the laggards.

Nifty 100 dipped 0.25% while Nifty Midcap 100 soared by 0.27%. The Nifty Smallcap index has soared 0.16%.

Sectorally, Nifty Auto, FMCG and Nifty IT plunged while Nifty Media and Nifty Pharma rose.

The trend follows the US market which fell heavily on Thursday while the same was seen in the Asian markets.

In a balanced view on the IPO and listing, market expert Anil Singhvi said the issue got a weak-to-moderate response, Zee Business reported.

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