Sensex, Nifty inch lower; all eyes on Reliance ahead of results
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.
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.
Enter your email to get our daily newsletter in your inbox
- Meanwhile, the global oil benchmark Brent crude was trading 0.88 per cent lower at USD 65.39 per barrel.
- Chinese officials first outlined proposals in 2018 to discourage crypto-mining
- The increasing economic importance of India’s hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside.
- The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work.