Equity benchmark indices are likely to extend previous session's losses on Friday amid weak global cues. As indicated by the SGX Nifty, which was quoting at 17,480 levels, the Nifty index may open over 100 points lower.
Overnight, the US markets bled amid renewed rate hike fears. Dow Jones, NASDAQ Composite, and the S&P 500 indices declined up to 2 per cent.
Markets in Asia-Pacific too edged lower this morning as Nikkei 225, Topix, the S&P 200 indices lost over 1 per cent each
Meanwhile, here are some stocks to watch out in trade today:
RIL: The company's arm Reliance Polyester