Indian shares are likely to open weak on Friday, tracking sluggish Asian equities after US stocks fell to a three-week low amid the surge in bond yields.
The BSE Sensex and NSE’s Nifty 50 plunged over 2 percent on Thursday following a massive selloff in oil refiners after the government asked the companies to absorb Rs 1 cut on fuel prices.
Investors now switch their focus to the Reserve Bank of India monetary policy decision later in the day. A majority of the economists in CNBC-TV18’s MPC have asked for a rate hike looking at the sheer plunge in rupee.
Following stocks are likely to see action today:
(With inputs from PTI)
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