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The Nifty50 is expected to open with a gap on the lower side on Friday tracking heavy sell-off in other Asian markets. The Nifty50 closed 40 points lower at 10,114 on Thursday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, falling 117.5 points or 1.16 percent. Nifty futures were trading around 10,000-level on the Singapore Stock Exchange.
US stocks slumped on Thursday as President Donald Trump's move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fuelling the biggest percentage declines in Wall Street's three major indexes since they entered correction territory six weeks ago, reports Reuters.
The Dow Jones Industrial Average fell 724.42 points, or 2.93 percent, to 23,957.89, the S&P 500 lost 68.24 points, or 2.52 percent, to 2,643.69, and the Nasdaq Composite dropped 178.61 points, or 2.43 percent, to 7,166.68.
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