- Tag results for Sensex
NSE Nifty also shed 33.55 points, or 0.32 per cent, to 10,594.95.
The benchmark equity index BSE Sensex slipped below the crucial 31,000-point mark after 21 consecutive sessions as investors booked profits prior to the Goods and Services Tax implementation.
The Indian equity markets traded in the red as broadly negative global cues, coupled with caution ahead of GST implementation and heavy selling pressure in automobile subdued investor sentiments.
Indian shares fell on Friday, with the NSE index hitting a one-week low, as investors booked profits in financials such as State Bank of India and auto makers such as Maruti Suzuki India Ltd.
The BSE Sensex ended flat after earlier rising as much as 0.8 percent to a record high as IT firms reversed earlier gains, while energy firms fell on sliding oil prices.
The 30-scrip Sensitive Index, was trading 134.34 points or 0.43 per cent higher soon after opening.
The 30-scrip Sensitive Index (Sensex), was trading 134.34 points or 0.43 per cent higher soon after opening.
Around 9.19 a.m., the wider Nifty of the National Stock Exchange (NSE) rose by 28.65 points or 0.30 per cent to 9,606.70 points.
The rate-hike is expected to lead foreign portfolio investors away from emerging market such as India and also dent business margins as access to capital from the US will become expensive.
Indian shares fell on Thursday as investors booked profits in recent outperformers.
The Sensitive Index (Sensex) of the BSE, which had closed at 31,155.91 points opened higher at 31,222.89 points.
The 30-share index, which had lost 118.93 points in the previous session, recovered by 99.42 points to 31,289.98.
Brokers said resumption of buying by investors coupled with continued inflow of foreign funds and a firm trend in other Asian bourses, helped indices to trade in positive terrain.