Sensex Today: Indian shares were lower in early trade on Thursday after data showed the country’s retail inflation accelerated to a five-month high in September, stoking fears of further rate hikes by the central bank. At Close, the Sensex was down 390.58 points or 0.68 per cent at 57,235.33, and the Nifty was down 109.30 points or 0.64 per cent at 17,014.30. About 1283 shares have advanced, 2054 shares declined, and 130 shares are unchanged.
Wipro, Adani Ports, SBI, SBI Life Insurance and L&T were among the top Nifty losers. HCL Tech, Sun Pharma, Coal India, Britannia and Tata Motors were the top gainers.
Barring metal and healthcare, all other sectoral indices ended in the red. BSE Midcap index and Smallcap indices fell 0.5 per cent each.
Rupee Opens
Indian rupee opened marginally higher at 81.28 per dollar on Thursday against previous close of 82.31.
Global Cues
Asian stocks followed Wall Street lower and bond yields remained depressed on Thursday as investors weighed the risks of global recession amid hawkish Federal Reserve rhetoric and uncertainty about the Bank of England’s commitment to stabilising markets.
Tokyo stocks opened lower Thursday after Wall Street eased overnight ahead of US inflation data. The benchmark Nikkei 225 index inched down 0.04 percent, or 10.39 points, to 26,386.44, while the broader Topix index slipped 0.21 percent, or 3.95 points, to 1,865.05.
Wall Street’s equity indexes ended Wednesday’s volatile session in the red and the dollar made little progress while bond yields fell as investors digested minutes from the latest Federal Reserve meeting and waited for a key U.S. inflation reading.
Oil prices struggled to find their footing in early Asian trade on Thursday after a weakening global demand outlook depressed the market in the last session.
Read all the Latest Business News and Breaking News here
Comments
0 comment