Indian shares opened lower on Friday due to concerns over stretched valuations and AI investment profitability. Global sentiment turned cautious, with uncertainty over a potential interest rate cut by the Federal Reserve in December. The benchmark BSE Sensex was down 0.3 percent, while the NSE Nifty index slipped 0.3 percent. Tata Steel, Tech Mahindra, and ICICI Bank were down around 1 percent. Reliance Industries announced it stopped importing Russian crude oil into its SEZ refinery in Gujarat. Adani Ports fell 1 percent despite CRISIL Ratings reaffirming its ratings, while Zaggle Prepaid Ocean Services declined 1.3 percent after partnering with BIBA Fashion.

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