\n<\/p>\n
Indian shares fluctuated before ending marginally lower on Friday, after having surged to new record highs in the previous session. <\/p>\n
Investors reacted to mixed industrial output and retail inflation readings and awaited a Federal Reserve interest-rate cut next week.<\/p>\n
The FOMC meeting on September 17-18 is crucial for financial markets<\/span>, with expectations leaning toward a 25-bps rate cut followed by a series of interest rate cuts before the end of the year.<\/p>\n CME Group’s FedWatch Tool currently suggests rates will be lower by at least a full percentage point following the Fed’s December meeting.<\/p>\n The benchmark S&P\/BSE Sensex slid 71.77 points, or 0.09 percent, to 82,890.94 while the broader NSE Nifty index settled at 25,356.50, down 32.40 points, or 0.13 percent, from its previous close. <\/p>\n Coal India, ITC, HDFC Life, Adani Ports and SBI Life fell 1-2 percent in the Nifty pack while Wipro surged 3.8 percent as investors await progress on its turnaround journey. <\/p>\n In an internal email, the country’s third-largest technology<\/span> services firm reportedly directed employees to attend office at least thrice a week or risk losing the day’s leave.<\/p>\n IndusInd Bank, Grasim, Bajaj Finance and Bajaj FinServ climbed 1-2 percent. <\/p>\n Gravita India shares soared more than 9 percent on high volumes after the lead products manufacturer announced it is acquiring a recycling plant in Romania. <\/p>\n<\/p>\n<\/div>\n