New Delhi, Aug. 14 -- Indian benchmark equity indices opened lower on Friday, with the Sensex declining over 300 points and the Nifty falling more than 75 points amid moderate selling pressure in early trade.

The BSE Sensex stood at 77,763.01 points, down 316.95 points or 0.41 per cent, while the NSE Nifty 50 traded at 24,320.40 points, lower by 75.45 points or 0.31 per cent.

Commenting on the domestic market trend, VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said, "The range bound nature of the market is likely to continue in the near-term. Nifty has been consolidating between 23800 and 24400 without any triggers for a breakout above the upper band or a breakdown below the lower band. Major activity is no...