India, July 31 -- Indian shares were subdued in early trade on Friday as IT stocks faced selling pressure after recent gains following a rebound in global AI and semiconductor stocks.

A cautious undertone prevailed amid escalating Middle East tensions and uncertainty over the Federal Reserve's rate path.

The benchmark 30-share Sensex was down 73 points at 77,855 while the broader NSE Nifty index dipped marginally to 24,314.

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