The Sensex and Nifty indices are likely to start Friday’s session in the red amid weak global cues. At 07:30 am, the SGX Nifty quoted at 16,780, indicating an opening loss of around 50 points on the Nifty index.
The Reserve Bank of India’s rate hike decision will sway the market trajectory today. The bank is expected to rise rates by at least 50 basis points.
Globally, all Asian indices traded lower this morning after US markets fell overnight. The S&P 500 dropped 2.11 per cent, Nasdaq declined 2.84 per cent, while the Dow shed 1.54 per cent.