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Mumbai: Indian stock markets opened lower on Friday as investors reacted to the second quarter (Q2) earnings of major companies, including Infosys, Wipro, and Eternal.
Weak cues from Asian markets and renewed US-China tensions also weighed on investor sentiment.
At the same time, gold prices hit a record high, adding to the cautious mood in the market. However, a sharp drop in crude oil prices — with Brent crude falling to around $60 per barrel — may help limit losses for Indian equities.
At 9:20 AM, the Sensex was trading at 83,365, down 103 points or 0.12 per cent, while the Nifty slipped 33 points or 0.13 per cent to 25,552.
“The Nifty managed to hold its gains and ended near the day’s high, closing above the 25,55