Indian shares experienced a slight dip on Friday following three consecutive sessions of gains.
The benchmark S&P BSE Sensex decreased by 177 points, or 0.2 percent, standing at 76,634 in early trading. Similarly, the broader NSE Nifty index dropped 50 points, or 0.2 percent, to 23,349.
IT stocks showed weaker performance, with HCL Technologies, TCS, and Tech Mahindra declining between 0.7 percent and 1.5 percent.
JSW Steel saw a decline of over 1 percent after the company announced its ambitious plan to invest up to $70 billion over the next six years.
Conversely, shares of Hindustan Unilever, Grasim, and Shriram Finance rose between 1 to 2 percent.
Vodafone Idea inched higher following its board's approval to issue approximately 166 crore shares to raise up to Rs 2,458 crore on a preferential basis.
Dr. Reddy's Laboratories fell by 0.6 percent after LIC increased its shareholding in the company from 4.95 percent to 5.01 percent.
Ambuja Cements gained nearly 2 percent after agreeing to acquire Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore.
Puravankara surged 3 percent on fund-raising reports.
Nitco's shares jumped 5 percent after the company’s board approved the sale of their immovable property in Kanjurmarg, Mumbai, to Runwal Construction.
