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The Nifty50 is likely to open lower on Friday following muted trend seen in other Asian markets. The index closed 11 points higher at 11,582 on Thursday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a gain of 40.5 points or 0.35 percent. Nifty futures were trading around 11,564- level on the Singaporean Exchange.
Wall Street’s major indexes fell on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China, said a Reuters reported.
Asian stocks tracked Wall Street losses and edged down in early trade on Friday, but the dollar was buoyant after ending a long losing run ahead of a speech by Federal Reserve Chairman Jerome Powell, the report added.
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