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The S&P BSE Sensex is trading at 25,663 down 223 points, while NSE Nifty is trading at 7,799 down 65 points. The BSE Mid-cap Index is trading down 0.55% at 10,990, whereas BSE Small-cap Index is trading down 0.54% at 11,569.
All sectors are showing weakness on BSE. Bhushan Steel, Dena Bank, Hathway Cable, Amtek Auto and GPPL are among the gainers, whereas Dabur, Mphasis, India Cement, KPIT, JK Tyre and IOB are losing sheen on BSE.
The Indian rupee opened lower by 30 paise at 66.91/$ in early trade on Friday. On the domestic front, Nikkei/Markit India Services PMI survey revealed that India's services industry struggled during November as firms remained pessimistic about business prospects. Services PMI index fell sharply to 50.1 from October's level of 53.2. In addition, markets dwelled on the reinforced perception of a US Fed rate hike. Fed Forward rate curves are now suggesting 79% probability of 25 basis points move on the rates.
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