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Sensex, Nifty Subdued In Early Trade On Weak Wall Street Cues
(RTTNews) - Indian shares were subdued on Friday after U.S. stocks fell sharply overnight, with the tech-heavy Nasdaq officially entering into correction territory on tariff worries and renewed concerns about spending on artificial intelligence.
The benchmark 30-share BSE Sensex was down 60 points at 74,279 in early trade while the broader NSE Nifty index slid 15 points to 22,529.
BPCL, NTPC, Shriram Finance, Infosys and IndusInd Bank fell 1-2 percent while Hero MotoCorp, Bajaj Auto and HDFC Life all rose around 2 percent.
RITES surged 4 percent, RVNL gained 1.6 percent, Bharat Electronics rose 1.7 percent and Kalpataru Projects jumped more than 5 percent after winning new orders.
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Indian shares traded lower on Friday due to profit taking after recent gains supported by GST reforms and encouraging progress in India-U.S. trade discussions.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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Asian Markets Trade Mixed
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Sensex, Nifty Eye Cautious Start After Recent Gains
Indian shares are seen opening little changed on Friday after recent gains supported by GST reforms and encouraging progress in India-U.S. trade discussions.
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Thai Shares May Halt Slide On Friday
The Thai stock market has moved lower in consecutive trading days, shedding more than 10 points of 0.8 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,300-point plateau, although it may find support on Friday.
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