At 7:42 am, Singapore Exchange Nifty futures — an early indicator of the Nifty index — were down 150 points or 0.9 percent at 17,487, suggesting a gap-down opening ahead on Dalal Street.
–Bandhan Bank reported a profit of Rs 859 crore for Q3, as against Rs 632.6 crore for the corresponding period a year ago.
“Although we were seeing 18,350 as a mild hurdle, we did not expect the Nifty to come off at such velocity.
“We have been mentioning how 17,650 is important in the short term and the real damage of the recent upward trend would start below it.
Indian equity benchmarks ended a volatile session lower on Friday, extending losses to a fourth straight day.
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