On Friday, Indian share markets settled marginally lower on Friday weighed by financials and consumer stocks amid caution in global markets.

The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty 50 index settled at 11,557, down 26 points.

Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5% and 2%, respectively.

The Indian rupee along with emerging Asian currencies weakened against the US dollar on Friday as prospects for a quick resolution of the US-China trade war faded after two days of talks ended with little progress.

Top Stocks in Focus

Cadila Healthcare share price will be in focus as the US Food and Drug Administration (USFDA) has completed an inspection at Cadila Healthcare's Biologics manufacturing facility (Zydus Biologics) located at the Zydus Biotech Park in Ahmedabad.

Meanwhile, Lupin has received the Establishment Investigation Report (EIR) from USFDA for the successful inspection of its Nagpur facility.

Vedanta share price will hog limelight as it is planning to expand its alumina refinery at Lanjigarh in Odisha to 6 million tonnes per annum by 2021. The company will use alternate bauxite resources as it looks beyond the failed Niyamgiri experiment.

Shares of Axis Bank will create buzz on the news of the management change at the bank. According to a report in The Economic Times, Amitabh Chaudhry of HDFC Life is likely to be the successor to Shikha Sharma, Axis's current CEO and MD.

To know more, check out our share market updates here.

Global Stock Market Drivers

Stocks in Europe edged higher on Friday alongside US equity-index futures after a mixed session in Asia as trade negotiations with China drew a blank. The dollar slipped before an address from Federal Reserve Chairman Jerome Powell.

Investors hoping for good news on global trade were left disappointed after the US talks with China ended with increasing the likelihood that tit-for-tat tariffs will escalate, casting a shadow over the global-growth outlook.

The focus now shifted back to Fed policy, with bond traders clinging to bets for two rate hikes by year-end as they brave turmoil in emerging markets, trade tensions and a US president who openly pushed policy ideas on the central bank days before Powell spoke.

Bulk & Block Deals

Hexaware Technologies share price dropped as much as 16.6% on Friday following likely dilution of stake by the promoter.

About 28 million equity shares exchanged hands through multiple block deals at an average price of Rs 440 per share, the reports noted. These block deals are worth Rs 12.5 billion.

Meanwhile, BG Asia Pacific Holdings Pte Limited offloaded 14% equity stake in Mumbai-based city gas distribution company Mahanagar Gas through open market transactions on Thursday.

The stock price closed at Rs 840.3 on the BSE, down 6.6% from previous close.

Oil Prices

Oil is poised for its first weekly gain in two months as shrinking US crude inventories, a strike in the North Sea oil and gas fields and looming sanctions on Iran point to tighter supplies.

Futures in New York were little changed, headed for a weekly gain of about 3%.

Oil has rebounded from the lowest level in more than two months in mid-August as renewed US sanctions on Iranian oil sales threaten to limit supplies.

Still, a trade standoff between the US and China that could imperil global economic growth and weaken energy demand continues to weigh on crude prices after negotiations in Washington this week failed to progress.