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Indian shares opened lower on Friday, mirroring weak global cues as bond yields rose in response to the Fed chairman’s comments on the world’s largest economy<\/span>, inflation and the economic outlook. <\/p>\n The benchmark S&P BSE Sensex dropped 343 points, or 0.7 percent, to 50,503, while the broader NSE Nifty index was down 98 points, or 0.7 percent, at 14,983.<\/p>\n Wipro fell nearly 2 percent after it agreed to buy British consulting firm Capco for $1.45 billion in cash.<\/p>\n NFL and RCF both surged around 6 percent as the government started work on privatization of the fertilizer companies. FACT soared as much as 17 percent and Madras Fertilizers added 5 percent. <\/p>\n Max Healthcare Institute rose half a percent after it launched a QIP issue to raise around Rs 1,200 crore at a floor price of Rs 190.40 per share. <\/p>\n Indiabulls Housing Finance dropped 2 percent after raising $150 million (?1,091 crore) via foreign currency convertible bonds.<\/p>\n ONGC jumped 4.2 percent as oil extended overnight gains to rally toward $65 a barrel. BPCL, HPCL and IOC all were up around 1 percent. <\/p>\n<\/p>\n<\/div><\/div>\n