Mumbai: Caution ahead of the key macro-economic data and selling in the financial sector dragged the major indices in the red during the pre-afternoon trade session on Friday.
Key macro-economic figures like forex reserves, Index of Industrial Production and manufacturing output are set to be released on Friday.
Realty stocks traded over 1 percent lower after Finance Minister Arun Jaitley said at
Thursday’s GST Council Meeting that owing to diverse opinion, a decision on the much-expected rate reduction for under-construction homes will be taken at a later meeting.
The IT sector stocks also witnessed heavy selling pressure. Financials too traded in the red.
The BSE Sensex opened at 36,191.87 from its previous close at 36,106.50 on Thursday.
At 10.40 a.m., the Sensex traded at 36,040.61 lower by 65.89 points or 0.18 percent.
The Nifty50 of the National Stock Exchange (NSE) opened at 10,834.75 after closing at 10,821.60 on Thursday.
The Nifty traded at 10,803.85 during the morning trade session, down 17.75 points or 0.16 percent.
Stock-wise, IT major Tata Consultancy Services traded 1.94 percent lower after it announced it’s quarterly results on Thursday.