The NSE Nifty50 index was down 60 points at 10,620, while the BSE Sensex was 197 points down at 34,906. IT stocks Tata Elxsi, Mindtree, OFSS, Infosys and Wipro were trading in the negative territory during afternoon trade on Friday. The Nifty IT index was trading 0.21 per cent down at 13,445 around 02:30 pm.
However, shares of Infibeam Incorporation, Tech Mahindra, HCL Technologies, KPIT Technologies and Tata Consultancy Services were in the green around that time. Equity benchmarks were continued trading in the red amid weak global cues due to little hope of the US and China reaching a resolution at the negotiating table on their trade dispute. The US-China trade talk entered second day on Friday. The NSE Nifty50 index was down 60 points at 10,620, while the BSE Sensex was 197 points down at 34,906.
Out of 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red. Adani Ports & SEZ, GAIL, Tech Mahindra, HCL Technologies and HDFC Bank were the top gainers in the Nifty pack. On the other hand, Sun Pharmaceutical Industries, ITC, Bajaj Auto, Axis Bank and YES Bank were among the top losers in the Nifty index.