The NSE Nifty 50 index was down 0.17 per cent or 29.70 points at 17,274.90, while the S&P BSE Sensex was down 0.18 per cent or 102.02 points at 57,789.99.
Share Market.
Stock markets tumbled in early trade on Friday, under pressure from IT and banking stocks, with investors focused on Ukraine’s east-west standoff that rocked markets this week.
NSE Nifty 50 index fell 0.17 per cent or 29.70 points at 17,274.90, while the S&P BSE Sensex was down 0.18 per cent or 102.02 points at 57,789.99. If the losses persist, both the indices will post their second weekly decline.
Shelling in Ukraine on Thursday renewed Western fears of an imminent Russian offensive, triggering a sell-off in global equities.
Asian markets cut losses on Friday after US Secretary of State Antony Blinken accepted an invitation to meet with Russian Foreign Minister Sergei Lavrov next weekend, provided Russia does not invade Ukraine, the US State Department said.
The Nifty IT index fell 0.9 per cent, while the banking index fell 0.5 per cent.
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