The Indian market is set for a negative start, tracking weak global cues as the shares were affected by the hike in the US Fed rate and the US top bank's plan to continue its balance sheet reduction.
Indian investors were also cautious after the government on Thursday sought Parliament nod for Rs 41,000 crore additional recap bonds for Public Sector Banks.
At 07:26 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.11 percent at 10,982, indicating a weak opening for the Indian market.
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