Share/Stock Live Updates: The frontline equity indices on the BSE and National Stock Exchange (NSE) opened over 0.5 per cent lower on Friday dragged by losses across the board, while global investor sentiment soured after fresh hawkish comments from US Federal Reserve officials cemented expectations of tighter monetary conditions.
The S&P BSE Sensex slumped 434.59 points to 60,800.71 in the opening deals while the Nifty 50 declined 111.10 points to 18,146.70.
All of Nifty’s major sub-indexes slipped in early trade, while recent high-flying metal stocks were down 0.4 per cent.
Shares of iron pipe maker Tata Metaliks dropped 6 per cent after its quarterly profit fell, while IT services provider Mindtree fell 4 per cent after posting quarterly results.
IT services firm HCL Technologies fell 2.6 per cent and was the biggest percentage loser on the Nifty 50 index ahead of reporting results.
Market participants will watch out for the wholesale inflation data or WPI which is scheduled to be released later in the day.
(with inputs from agencies)
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