Plus   Neg

Sensex, Nifty Edge Lower In Early Trade

Indian shares were moving lower on Friday as investors braced for a U.S. jobs report that could sway the course of interest rates. Also, traders waited for concrete signs of progress in the U.S.-Mexican trade standoff.

The benchmark 30-share BSE Sensex was down 131 points or 0.33 percent at 39,398 while the broader Nifty index was down 34 points or 0.29 percent at 11,809.

Maruti Suzuki, IndusInd Bank, Sun Pharma, Dr Reddy's Laboratories and Cipla fell 1-3 percent in the Nifty pack, while Infratel, Wipro, SBI, Indiabulls Housing Finance and Vedanta climbed 1-2 percent.

Wipro gained 1 percent as Azim Premji hands over reins of the firm to his elder son, Rishad.

State-run oil marketing companies BPCL and IOC were subdued as oil rebounded from five-month lows hit earlier in the week.

Vodafone Idea shed 0.7 percent after it announced a partnership with Microsoft for cloud services.

SBI rose half a percent after saying it has been keenly monitoring its exposures to the NBFC sector for the past many months and is taking appropriate measures to safeguard its interest.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT