Sensex, Nifty set for negative start ahead of RBI board meet; HDFC, PNB in focus
The Indian market is set for a negative start ahead of the Reserve Bank of India board meeting later in the day. On Thursday, ministers, led by FM Arun Jaitley, attacked Urjit Patel on RBI functioning and termed the central bank's policies as "unreasonable".
On the global front, Asian shares were defensive on Friday as investors kept a wary eye on economic tensions between US and China.
At 07:26 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.39 percent at 10,784, indicating a negative opening for the Indian market.