Indian benchmarks opened slightly lower tracking weak global markets. Nifty 50 fell 36.70 points, while Sensex dropped 28.13 points. Most sectoral indices traded in red, with Auto, FMCG and Metal stocks under pressure
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The Indian share market on Friday opened under pressure with a marginal decline amid weakness in global markets. Investors remained cautious ahead of the GDP data scheduled to be released later in the day.
As reported by news agency ANI, the Nifty 50 index opened at 25,459.85, declining by -36.70 points or (-0.14 per cent). The BSE Sensex opened at 82,220.48, down by -28.13 points or -0.03 per cent.
Apart from the major stock market indices, almost all other indices on the NSE were under pressure on Friday. While the Nifty 100 declined by 0.4 per cent, the Nifty Midcap 100 also lost 0.47 per cent, and the Nifty Smallcap 100 was down by 0.43 per cent, reported ANI.
Sectoral indices traded in red
Among sectoral indices on the NSE, except for Nifty IT, which surged by 1.66 per cent, all other sectoral indices were trading in the red. Nifty Auto declined by 0.65 per cent, Nifty FMCG fell by 0.54 per cent, Nifty Media lost 0.15 per cent, and Nifty Metal was down by 0.66 per cent.
Indian stock market closed on a subdued note on Thursday
Indian equity benchmarks concluded the February 26th session on a subdued note, ending largely flat amid heightened volatility, in line with the monthly Sensex F&O expiry.
Early gains were capped as mixed global cues and a cautious undertone ahead of the ongoing US–Iran nuclear negotiations, along with key macroeconomic releases such as US initial jobless claims and India’s GDP data, prompted profit booking at higher levels.
Gold prices
In commodities, gold prices were trading almost flat at Rs 1,60,068 per 10 grams for 24 karat at the time of filing this report. Silver prices, however, surged to Rs 2,66,337 per kg, reported ANI.
In other Asian markets on Friday, selling pressure was visible across most major indices. Hong Kong's Hang Seng index was down by 1.46 per cent to 26,382. South Korea's Kospi index declined by 0.87 per cent to 6256. Taiwan's market remained closed for a holiday. However, Japan's Nikkei 225 index gained 0.29 per cent to 58753, while Singapore's Straits Times index rose by 0.33 per cent to 4980.
Global markets
In the US markets on Thursday, the Dow Jones index closed almost flat at 49,499.20. The S&P 500 declined by 0.54 per cent to close at the 6,908 level, while the Nasdaq fell more than 1.2 per cent, or 279 points, to close at 22,872.35.
(With inputs from ANI)
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