U.S. stocks were edging lower on Friday, as investors waited on a monthly jobs number that could help determine if the Federal Reserve has any scope to cut interest rates this year.

The S&P BSE Sensex was down by 539.72 points to 77,516.79, while the NSE Nifty50 declined by 147.50 points to 23,455.60 as of 2:43 PM.

Global equity funds saw their second weekly outflow in seven weeks by February 5, as investors became more cautious following ...