The S&P BSE Sensex started on a cautious note in trade on Friday tracking muted trend seen in other Asian markets. The fall in the markets was led by losses in Sun Pharma, Tata Motors, L&T, HDFC Bank and Axis Bank.The 50-share Nifty index slipped below its crucial psychological support level of 7950, weighed down by losses in power, oil & gas, capital goods and banking stocks.
Reliance Industries rose as much as 1.2 per cent ahead of its 41st AGM which is later today. Analysts are expecting the company to announce launch date, total capex and future plans for Rel Jio at the AGM. Rel Jio has invested about Rs 30,000 crore till now in the telecom business.
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