Indian shares opened significantly lower on Friday, triggered by a new wave of weak economic data from the U.S. and Europe that stirred up fresh recession concerns.
The benchmark S&P/BSE Sensex dropped 755 points, or 0.9%, to 81,112 in early trading, while the broader NSE Nifty index decreased by 270 points, or 1.1%, to 24,741.
Shares of Infosys, TCS, Wipro, and HCL Technologies fell between 1% and 2% following reports that more IT companies received GST notices.
Tata Motors plunged 3% after its board approved a proposal for the company to split into two listed entities.
Adani Enterprises, JSW Steel, Tata Steel, and Eicher Motors each declined by approximately 3%. Despite Kalyan Jewelers reporting a 24% increase in Q1 net profit, its shares moved lower.
Conversely, Zomato surged by 12% after announcing a substantial increase in Q1 net profit.
