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Benchmark Indian equity indices, BSE Sensex and Nifty 50, started Thursday’s trading session on a weak note.
Stock Market Updates
Benchmark Indian equity indices, BSE Sensex and Nifty 50, started Thursday’s trading session on a weak note.
At the opening bell, the BSE Sensex stood at 81,512.28, down by 13.86 points, or 0.02%, while the Nifty 50 was at 24,626.50, falling by 15.30 points, or 0.06%.
Global Cues
In the Asia-Pacific region, most markets traded higher on Wednesday, following overnight gains on Wall Street. Japan’s Nikkei 225 surged 1.55%, and the Topix rose 1.17%. However, Australia’s S&P/ASX 200 edged down by 0.09%.
South Korea’s Kospi gained 0.64%, while the small-cap Kosdaq was up by 0.90%.
In China, the CSI 300 rose by 0.14%, while the Shanghai Composite dipped 0.07%. Hong Kong’s Hang Seng index saw a slight increase of 0.12%.
Global markets, including Wall Street, saw a rise on Wednesday after a favorable inflation report fueled expectations of an interest rate cut by the Federal Reserve later this month.
The U.S. dollar reached a two-week high, and gold prices increased. Oil prices climbed by over $1 after the European Union agreed to impose further sanctions on Russian oil.
European stocks recovered earlier losses to end higher, while U.S. Treasury yields rose following the sale of long-term debt and data revealing a widening U.S. budget deficit.
In the U.S. stock market, the Dow Jones Industrial Average dropped by 99.27 points, or 0.22%, to 44,148.56. Meanwhile, the S&P 500 rose by 49.28 points, or 0.82%, to 6,084.19, and the Nasdaq Composite surged by 347.65 points, or 1.77%, to 20,034.89.
