Indian shares slip on declines in auto stocks, focus on U.S. jobs data
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/7c0510ffdbaffad3d7afa15c65a40925.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian shares opened lower on Friday after an eight-day rally, dragged by auto stocks, while investors took a pause heading into the U.S. payrolls data to gauge more signs of a shift in rate hike plans from the Federal Reserve.
The S&P BSE Sensex fell 0.33% to 63,074.58, as of 09:16 a.m. IST. The NSE Nifty 50 index shed 0.3% to 18,756.45.
Nifty Auto index declined nearly 1%.
Wall Street equities closed mostly lower overnight on Thursday as investors digested key economic data, while waiting for U.S. non-farm payrolls data, scheduled to be released later in the day.
Asian markets also declined, with the MSCI Asia ex-Japan index shedding 0.74%. [MKTS/GLOB]
Oil prices retreated from the session's highs, after rising on a weak dollar and on hopes of improved fuel demand in China as the country eased COVID-19 restrictions in two major cities, ahead of the OPEC+ meeting on Sunday. [O/R]
The broader indexes outperformed their larger peers with Nifty MidCap 100 and Nifty SmallCap 100, rising 0.1%.
Nifty Oil & Gas was the top sectoral gainer, rising 1%.
Among individual stocks, Reliance Industries, ONGC, GAIL, Oil India, Chennai Petroleum, Mangalore Refineries, rose after the government reduced windfall tax on domestic crude by half to 4,900 rupees per tonne and levy on diesel exports to 6.5 rupees per litre.
![](https://portfolio.investmentguruindia.com/uploads/news/india22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Suman Bannerjee.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/farm22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/karnal22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Singapur.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fdi22.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)