(Reuters) -Indian shares opened lower on Monday, pressured by concerns over lacklustre corporate earnings and uncertainty surrounding U.S. trade policy.
The Nifty 50 fell 0.73% to 22,925.75 points as of 9:18 a.m. IST, while the BSE Sensex shed 0.74% to 75,644.93.
Twelve of the 13 major sectors declined at the open. The broader, more domestically focussed small and midcaps lost about 2.3% and 1.5%, respectively.
Forty-four of the Nifty 50 constituents fell at the open.
Bucking the trend, index heavyweight ICICI Bank rose 0.6% after reporting higher quarterly profit, driven by healthy loan growth.
India’s benchmark indexes posted losses for the third consecutive week on Friday on worries over earnings moderation, U.S. policy uncertainty and foreign outflows.
($1 = 86.2160 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)
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