Nifty opens below 7600 mark; Global markets weigh

Benchmark share indices opened lower on Friday tracking weakness in global markets. 

At 9.18 AM, The S&P BSE Sensex lost 234 points to trade at 25,355 while the CNX Nifty shed 71 points to trade at  7,578.

 

 Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after U.S. President Obama said he had authorized air strikes in Iraq.

 

MSCI's broadest index of Asia-Pacific shares outside Japan. Japan's Nikkei  was down about 2.1 percent.

Wall Street ended down on Thursday, erasing early gains marked on data showing the number of Americans filing new claims for unemployment benefits unexpectedly fell last week.