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The Nifty opened at 25,546.85, down 38.45 points or 0.15 per cent, while the Sensex opened at 83,352.55, down 115.11 points or 0.14 per cent.

On Thursday, Indian markets had risen on the back of strong global momentum and expectations of a possible trade deal with the United States in November.

Ajay Bagga, Banking and Market expert told ANI “The markets were not fazed by Trump’s claims and Indian government sources denial of a move from India not to buy Russian oil. If Trump meets Putin at Budapest and strikes a deal, the whole issue will become irrelevant. Indian markets after 13 months of stark underperformance, are setting up for a recovery.

He added “The RBI intervention to upend Rupee shorting speculation in the domestic and NDF markets also bolstered confidence. With

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