Nifty futures were trading 161 points or 1.07 per cent down at 14,910 on Singaporean Exchange, indicating a negative opening for BSE Sensex and Nifty 50 on Friday.
The credit card industry in India remains extremely low at merely 3.8% of the total population, against 320% in the United States, 214% in Japan and 42% in China.
BSE Sensex and Nifty 50 are likely to extend losses into the third consecutive day on Thursday, on the back of continuous profit-booking by investors post strong Budget-driven rally
State Bank of India (SBI) share price hit a fresh 52-week high of Rs 408.35 apiece on BSE on Friday, after it posted better-than-expected October-December quarter results, along with healthy asset-quality performance