Indian stock markets opened lower Friday as investors responded to weak international signals while also anticipating the results of the Reserve Bank of India's policy meeting. Global market sentiment continues to be shaky due to soaring energy prices and cautionary statements from Federal Reserve officials, leading to worries about inflation and interest rate trends.
The benchmark indicator, the S&P BSE Sensex, dipped 215 points or 0.20% to settle at 74,012 during early trades, while the NSE Nifty index experienced a decrease of 30 points or 0.1% to 22,484.
HDFC Bank saw a rise of about 1%, continuing its upward movement from the previous trading session due to strong deposit growth revealed during its Q4 update. Meanwhile, Bajaj Finance witnessed a 1% decline following the announcement of its Q4 business performance.
Nestle India experienced a slight gain of 0.7% following the dismissal of the Indian government's 2015 appeal to impede the sale of Maggi noodles by the National Consumer Disputes Redressal Commission (NCDRC), thereby favouring the company.
