Indian shares opened a tad lower on Friday, tracking weak global markets amid mounting tensions between Russia and the west over Ukraine.
The benchmark 30-share BSE Sensex dropped 115 points, or 0.20 percent, to 57,776, while the broader NSE Nifty index was down 57 points, or 0.3 percent, at 17,247.
Ambuja Cements tumbled 4 percent after its consolidated Q3 net profit plunged 55 percent year-on-year.
Tech stocks fell across the board, with Infosys, Wipro, HCL Technologies and Tech Mahindra all falling around 1 percent, after the tech-heavy Nasdaq Composite index plunged as much as 2.9 percent overnight.
Torrent Power gained about 1 percent as rating agency CRISIL upgraded the long term credit rating of non-convertible debentures and long term bank facilities of the company.
Punjab and Sind Bank rose 0.6 percent after its board approved a proposal to raise up to Rs 4,600 crore by way of a preferential allotment of shares to the Government of India.
Larsen & Toubro climbed 1.1 percent after the government notified the National Green Hydrogen Policy.
Sensex, Nifty Open Lower On Weak Global Cues
2022-02-18 04:26:17
