NEW DELHI: Indian shares traded lower on Friday, weighed down by selling pressure on information technology and pharmaceutical stocks during the open. The benchmark BSE Sensex was down 129 points, or 0.22%, at 57,763 as of 9:21am, while the broader NSE Nifty was down 31 points, or 0.18%, at 17,274.
Asian markets tumbled after a shootout in eastern Ukraine and renewed U.S. warnings of an imminent Russian invasion prompted investors to seek safety ahead of the weekend.
Overnight on Wall Street, the Dow fell 1.8%, its worst session of the year, the S&P 500 lost 2.1% and the Nasdaq lost 2.9%.
Domestically, small- and mid-cap stocks fell, with the Nifty Midcap 100 down 0.06% and small-cap stocks down 0.21%.
On a stock-specific level, Cipla was the biggest Nifty loser, down 1.42% to £915. Wipro, Tech Mahindra, UltraTech Cement and Infosys are also among the laggards.
In contrast, the winners included Coal India, UPL, NTPC, Larsen and Toubro (L&T) and Maruti Suzuki India.
In BSE, the overall market breadth was slightly weaker, with 1,232 stocks advancing and 1,296 declining.
On the 30-share BSE platform, Wipro, TechM, UltraTech Cement, Infosys, Nestlé India, HCL Tech and Asian Paints were the biggest losers, with their shares down as much as 1.39%.
Complete News Source : NDTV
