SGX NIFTY, an early indicator of NSE Nifty 50 Index fell below 10,000-mark

The Indian benchmarks are likely to witness a gap down opening on Friday tracking the Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index which fell below 10,000 mark and trading broadly lower on the back of blood path global market.

In the global front, Asian market trading lower taking cues from the overnight U.S. market which closed broadly lower on Thursday. The Global markets are bleeding red on intensified potential trade war concerns with U.S. President Donald Trump’s signing a memorandum to impose tariffs on up to $60 billion of Chinese goods.