Sensex drops over 100 points, Nifty slips at 17,274
India Today
The NSE Nifty 50 index fell 0.17 per cent or 29.70 points to 17,274.90, while the S&P BSE Sensex was down 0.18 per cent or 102.02 points at 57,789.99.
The share market edged lower in opening trade on Friday, pressured by IT and banking stocks, with investors focused on the East-West standoff over Ukraine, which has roiled markets this week.
The NSE Nifty 50 index fell 0.17 per cent or 29.70 points to 17,274.90, while the S&P BSE Sensex was down 0.18 per cent or 102.02 points at 57,789.99. If losses hold, both the indexes will record their second weekly decline.
Shelling in Ukraine on Thursday renewed Western fears of an imminent Russian invasion, triggering a selloff in global equities.
But Asian markets cut losses on Friday after U.S. Secretary of State Antony Blinken accepted an invitation to meet with Russian Foreign Minister Sergei Lavrov late next week provided Russia does not invade Ukraine, the U.S. State Department said.
The Nifty IT index fell 0.9 per cent, while the banking index dropped 0.5 per cent.
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