register now for free unlimited access to reuterscom register a man looks at a screen displaying budget news on a facade of the bombay stock exchange bse building in mumbai india february 1 2022 reutersfrancis mascarenhas bengaluru sept 16 reuters  indian shares were lower in early trade on friday dragged by losses in technology and automobile stocks amid a broader weak sentiment over concerns of a global recession the nse nifty 50 index nsei was down 045 at 1779690 as of 0350 gmt and the sp bse sensex bsesn declined 046 to 5965740 after registering their worst session in two weeks on thursday the nifty it index niftyit and automobile index niftyauto were down 11 and 05 respectively broader asian equities also fell on friday following sharp losses overnight in us stocks over fears of aggressive tightening by the federal reserve in the face of warnings of a global recession from the world bank and the international monetary fund rating agency fitch earlier this week cut indias gross domestic product growth forecast for the current fiscal year to 7 from 78 in the backdrop of a slowdown triggered by global economic stress elevated inflation and tighter monetary policy read more reporting by rama venkat in bengaluruediting by dhanya ann thoppil