Indian Markets are closed for a public holiday. Dollar fell against its major peers after Senate Republicans delayed voting on their tax bill as a setback forced them to patch up the plan only hours before a planned final vote and a manufacturing survey from China was downbeat. The Senate parliamentarian ruled Thursday that a fiscal "trigger," important to winning deficit-wary Sen. Bob Corker's support for the GOP plan, will not work under Senate rules. The dollar pared some of its losses against a basket of major currencies amid signs that the recent slowdown in inflation could be transitory, strengthening the Federal Reserve's case to adopt a more aggressive monetary policy tightening path.
The dollar recovered some of its early session losses following a raft of data showing an improvement in manufacturing and the labor market, while the trend of slowing inflation subsided.
On the local front, India's economy grew 6.3 percent in the three months ending in September from a year earlier, in line with expectations and faster than a provisional 5.7 percent in the previous quarter, government data showed.
Bitcoin hovered around $9,600 in volatile trade on Friday, after tumbling about 15 percent from an all-time high hit this week as some investors warned ominously of a bubble and further falls in the stratospheric cryptocurrency.
BSE Sensex closed lower by 316.41 points,to 32,832.94, while the Nifty 50 fell 104.75 points.
INTERNATIONAL
Asian shares pushed higher on Friday, cheered by Wall Street gains after apparent progress on U.S. tax legislation as investors waited for the Senate’s vote, while higher U.S. Treasury yields underpinned the dollar.
Gold prices drifted higher as the US Senate version of Donald Trump's proposed tax cuts hit a roadblock and investors noted a slowdown in a private survey on China's manufacturing.
China's manufacturing activity grew at the weakest pace in five months in November as input costs remained high and tougher pollution measures weighed on business confidence, a private survey showed on Friday.
U.S. oil held steady after OPEC and other major producers agreed to extend production curbs in a widely expected move aimed at ending a persistent glut in global supplies.