Indian benchmark equity indices opened lower on Friday, amid continued selling by FIIs during October
Indian benchmark equity indices opened lower on Friday, amid continued selling by FIIs during October, which has weighed on market performance for the month.
At opening bell, the BSE Sensex was down 277 points, or 0.34 per cent, at 80,729, while the Nifty 50 was at 24,675, down 75 points, or 0.3 per cent.
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Global Cues
Asia-Pacific markets, meanwhile, were trading on a mixed note on Friday as investors assessed crucial GDP growth data from China and Japan’s inflation figures.
China’s economy expanded 4.6 per cent in the third quarter from a year earlier, official data showed, slightly beating analysts’
expectations, and maintaining pressure on policymakers as they consider more stimulus measures.
Following that, the Nikkei 225 was trading 0.4 per cent higher, and the broader Topix index was ahead by 0.4 per cent.
South Korea’s blue-chip Kospi was down 0.25 per cent, while the small-cap Kosdaq was down over 1 per cent.
In China, the CSI 300 was up 0.18 per cent, and the Shanghai Composite was ahead by 0.09 per cent. Hong Kong’s Hang Seng Index was higher by 0.98 per cent.
