STOCK MARKET LIVE: Sensex, Nifty, UPL, Tata Power, SBI, Harsha Engineers IPO, MTAR Technologies
In the US, the Dow dropped 0.56 per cent, for its lowest close since July 14. The Nasdaq fell 1.43 per cent, while the S&P 500 dipped 1.13 per cent.
Meanwhile, industrial production in China rose by 4.2 per cent in August from a year earlier, beating the 3.8 per cent increase estimated by Reuters.
That said, market action today may be tepid as investors could remain on the sidelines due to the weekend factor and the US Fed meeting next week.
The initial public offering (IPO) of Harsha Engineers International was subscribed 10.35 times on Thursday, the second day of the issue. The institutional investor portion was subscribed 1.6 times, the HNI portion by 24.9 times, and the retail investor portion by 9.14 times.
Among other stocks, MTAR Technologies will be on the radar. The company has bagged an order worth Rs 540 crore.