In overnight trade in the US, the Dow Jones Industrial Average fell 25.89 points to 25,175.31.
The S&P BSE Sensex, in early morning trade on Friday, was at 35,556.38, down 43.44 points or 0.12 per cent while the broader Nifty50 was at 10,796.40, with a loss of 11.65 points or 0.11 per cent. Technical experts said that the markets continue to be indecisive. “Indecisiveness continues in the market. The 10,750 level (of Nifty) on the lower side and 10,850 on the higher side would be the trading range. Traders are advised to wait for further confirmation. Any decisive move either of the side will decide the trend. Intermediate support is placed near 10,600 level,” said Dyaneshwar Padwal, AVP-technical analysis, KIFS Trade Capital.
Twenty three stocks on the Nifty50 were trading with losses. Top laggards on the index were Grasim (down 1.2 per cent), BPCL (down 1.1 per cent), Hero MotoCorp (down 0.9 per cent), HUL (down 0.7 per cent) and PowerGrid (down 0.6 per cent).
Meanwhile, Asian shares wobbled as investors braced for US tariffs against China. The Asia Pacific MSCI index edged down 0.2 per cent, with most regional markets shrugging off a strong close on Wall Street. But Japan’s Nikkei average added 0.5 per cent.
Japan’s central bank maintained its ultra-loose monetary policy on Friday and downgraded its view on inflation while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.
In overnight trade in the US, the Dow Jones Industrial Average fell 25.89 points, or 0.1 per cent, to 25,175.31, but the S&P gained 6.86 points, or 0.25 per cent, to 2,782.49 and the Nasdaq Composite added 65.34 points, or 0.85 per cent, to 7,761.04.
On Thursday, foreign portfolio investors net sold equities worth Rs. 1,372.84 crore while domestic institutional investors net purchased shares worth Rs. 576.19 crore, according to provisional data from the National Stock Exchange (NSE). The Sensex had closed at 35,599.82 while the Nifty50 had settled at 10,808.05. (With Reuters inputs)