Domestic markets witnessed pressure throughout the session on Thursday closing near day’s low, while broader markets finally saw selling after a 14 day gaining streak. In today's trade, markets will react to easing inflation data at 5.48%.

GIFT Nifty (Earlier SGX Nifty) signals a negative start

GIFT Nifty on the NSE IX traded lower by 85 points, or 0.34 per cent, at 24,561, signaling that Dalal Street was headed for negative start on Friday.

US stocks down

Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week. A Thursday Labor Department report showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Initial claims for U.S. unemployment benefits unexpectedly climbed last week, raising concerns about labor-market resilience.

Dow down 0.53%,

S&P dips 0.54%,

Nasdaq falls 0.66%

Asian shares fall

Asian equities fell Friday as investors reined in appetite for risk ahead of next week’s Federal Reserve policy meeting. Japanese and Australian shares declined and equity futures for Hong Kong signaled losses after selling on Wall Street hit stocks and government bonds Thursday. The Nasdaq 100 slid 0.7% while the S&P 500 fell 0.5% as traders weighed higher-than-expected jobless claims against too hot producer price data.

S&P 500 futures were little changed as of 9 a.m. Tokyo time

Hang Seng futures fell 1.2%

Japan’s Topix fell 0.7%

Australia’s S&P/ASX 200 fell 0.6%

Euro Stoxx 50 futures rose 0.1%

Rupee

The rupee depreciated by 5 paise to settle at an all-time low of 84.88 against the US dollar on Thursday, dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices.

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