New Delhi: After opening positive, the equity benchmark indices gave up gains on global cues and investors were also cautious ahead of the Q1 results.
At 10 am, Sensex fell nearly 60 points to 38,765 and the NSE Nifty 50 lost 0.2% to 11,560.
Bank Nifty takes the top position as the biggest loser among sectors falling 0.20%. Meanwhile, the broader market continues to be in the green zone.
Globally, Asian shares pulled back on Friday as concern over renewed trade tensions between Washington and Beijing weighed on sentiment ahead of the release of June trade data from China. Expectation of an interest rate cut by the US Federal Reserve, later this month, arrested losses.
Bets on a rate cut remained strong despite a rise in US consumer inflation in June, and helped push the S&P 500 index to a record high closing on Thursday.
9:15 am: Sensex opened at 38,901.20 advancing 78.09 points, or 0.20%, while Nifty rose 18.25 points, or 0.16%, during the opening bell at 11,601.15.