Nifty around 10,900 in pre-opening, Sensex falls 150 pts; rupee opens lower
Rupee Opens:
The Indian rupee slipped further in the early trade on Friday. It has opened lower by 20 paise at 69.25 per dollar versus previous close 69.05.
Market at pre-open:
Benchmark indices are trading lower in the pre-opening session with Nifty around 10,900.
At 09:04 hrs IST, the Sensex is down 141.26 points or 0.38% at 36877.06, and the Nifty down 76.60 points or 0.70% at 10903.40.
Asian markets slip:
Global stocks took another beating on Friday while investors piled on to safe-haven assets after US President Donald Trump said he would slap a 10% tariff on the remaining USD 300 billion of Chinese imports from next month.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.51% to its lowest level since mid-June while Japan’s Nikkei tumbled 1.91%.
SGX Nifty:
Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 50.50 points or 0.46 percent. Nifty futures were trading around 10,966-level on the Singaporean Exchange.
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