Equity indices likely to open on lower note today

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Equity indices likely to open on lower note today

Share Market Updates Today: Indian equity benchmarks are expected to open on a lower note today, in line with Asian markets. The European Central Bank's equivalent of Federal Reserve rate-setting committee's minutes showed that the room for slowing down the pace of interest rate adjustments remained limited, contrary to the US central bank's assessment. Asian shares fell in early deals as Japan's Nikkei index dropped 0.38 per cent, South Korea's KOSPI fell 0.18 per cent, Hong Kong's Hang Seng Index moved 0.92 per cent lower, while the Shanghai Composite index rose 0.42 per cent. All three major US stock indexes settled higher overnight. Foreign institutional investors snapped a three-day selling streak and bought a net Rs 1,232 crore worth of equity on Thursday, while domestic investors sold a net Rs 236 crore worth of shares, per provisional NSE data.