Sensex, Nifty inch lower; all eyes on Reliance ahead of results

The blue-chip NSE Nifty 50 index fell 0.2% to 14,569 and the benchmark S&P BSE Sensex was down 0.2% at 49,528.03.

Indian shares slipped on Friday, as investors locked in profits after major indexes hit record highs in the previous session and as a global rally took a breather, while the focus turned to Reliance Industries' quarterly earnings later in the day.

On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green. (PTI)

The blue-chip NSE Nifty 50 index fell 0.2% to 14,569 and the benchmark S&P BSE Sensex was down 0.2% at 49,528.03 by 0346 GMT.

Reliance Industries gained 0.7% ahead of its December quarter earnings, which the oil to telecom conglomerate would report after the markets close.

Asian shares eased from record highs, as investors took some profits after a recent rally that was driven by hopes of a massive U.S. economic stimulus plan by incoming President Joe Biden.