Looking Indian Markets, the benchmark indices on Friday turning negative by mid-term amid falling dollar tracking mixed cues from Asian markets. At 12.30 pm, the BSE Sensex was trading at 26,864.16, down 14.08 points, while Nifty50 was ruling at 8,269, down 4.05 points.
Moving on to updaters from the banking sector, many banks haves trimmed their lending rates. The SBI slashed lending rates by 0.9% across all loan instruments. Also, ICICI Bank, Union Bank of India, PNB and IDBI Bank have followed suit and slashed their lending rates.