Sensex Today: The Indian benchmark indices BSE Sensex and Nifty 50 opened in the red on Thursday, tracking weakness in the overnight US market following Nvidia’s results.
At opening bell, the BSE Sensex was down 0.08 per cent at 81,717, while the Nifty 50 was at 25,023, down 0.11 per cent.
Meanwhile, investors in the domestic market would also have their eyes peeled for the Mukesh Ambani-led Reliance Industries Annual General Meeting, scheduled for today afternoon.
Global Cues
In the Asia – Pacific markets, UBS, on Wednesday, cut its 2024 GDP growth forecast for China to 4.6 per cent from 4.9 per cent which may weigh on investors’ minds.
The US markets closed lower on Wednesday, with the S&P 500 finishing down 0.60 per cent, while the Nasdaq Composite up 1.12 per cent. The Dow Jones Industrial Average slipped 0.39 per cent.
Stocks in Asia slipped as Nvidia Corp. earnings lacked the wow factor to impress investors, while Chinese results helped extend a selloff in the country’s tech companies.
MSCI’s Asia-Pacific gauge declined 0.5 per cent, dragged by chipmakers Taiwan Semiconductor Manufacturing Co. and SK Hynix Inc. A gauge of Chinese tech stocks fell more than 2 per cent in Hong Kong. Nvidia slumped more than 8 per cent in post-market trading following a sales forecast that disappointed some on Wall Street.
Japan’s Nikkei shed 0.45 per cent, Australia’s ASX200 0.6 per cent, and South Korea’s Kospi 0.78 per cent.
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