Indian shares opened lower on Friday, extending losses for the fourth straight session amid lingering concerns over the Federal Reserve’s tightening.
The benchmark S&P BSE Sensex was down 303 points, or half a percent, at 59,160, after having hit as low as 58,683 earlier in the day. The broader NSE Nifty index was down 79 points, or half a percent, at 17,678.
Tech and pharma stocks continued to fall, with Divis Laboratories, Dr Reddy’s Laboratories and Tech Mahindra losing 2-3 percent.
Bajaj FinServ dipped 3 percent on disappointing earnings results.
Vedanta was moving lower on news it plans to create a $10 billion fund to bid for BPCL and other assets.
Asian Paints edged up slightly despite reporting an 18 percent fall in Q3 profit.
Market Analysis
Sensex, Nifty Off Day’s Lows
2022-01-21 04:31:49
