Sensex, Nifty Drift Lower As Investors Await US Inflation Report
(RTTNews) - Indian shares were subdued on Friday amid concerns over U.S. President Trump's tariff policies and ahead of the release of PCE price index report, the Fed's preferred inflation gauge, later in the day.
The benchmark 30-share BSE Sensex was down 153 points, or 0.2 percent, at 77,452 in early trade while the broader NSE Nifty index slid 36 points, or 0.2 percent, to 23,555.
IT stocks traded weak, with Infosys, TCS, Wipro, Tech Mahindra and HCL Technologies falling 1-2 percent.
Power Grid Corp, Sun Pharma and Maruti Suzuki India all fell over 1 percent. BEML surged nearly 7 percent on winning orders worth Rs. 405 crores from Bengaluru Metro Rail Corporation.
Zaggle Prepaid Ocean Services jumped 5 percent after acquiring 45 percent stake in Effiasoft Private Limited.
Bharat Electronics gained 1 percent after saying it has secured additional orders worth Rs. 1,385 crores since March 12.
Asian Paints rose about 1 percent after announcing key top level changes.
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