Benchmark Indian equity indices were lower at open on Wednesday, tracking weakness in Asian and other global markets.
Indian benchmark equity indices were lower at open on Wednesday, tracking weakness in Asian and other global markets.
At pre-open, the BSE Sensex was at 81,633, down 186 points, or 0.23 per cent, while the Nifty 50 was at 25,008, down 49 points, or 0.19 per cent.
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Global Cues
That apart, Japan’s Nikkei was leading the losses in lower Asia-Pacific markets, after Wall Street closed in negative territory on Tuesday.
Japan’s Nikkei 225 was down 1.8 per cent, and the broad-based Topix was lower by 1.13 per cent.
Hong Kong’s Hang Seng index was marginally ahead by 0.08 per cent, while mainland China’s Shanghai Composite and CSI 300 were down by 0.14 per cent and 0.86 per cent, respectively.
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Australia’s S&P/ASX 200 was trading lowed by 0.2 per cent, and South Korea’s Kospi was down 0.89 per cent.
Investors will keep an eye out for more stimulus measures as the country’s housing minister is scheduled to hold a press briefing on Thursday morning, as per a statement from the State Council Information Office on Tuesday.
Wall Street closed down on Tuesday, following global stocks lower as a weak sales forecast from European chip fabrication equipment maker ASML weighed on tech shares, while crude extended its slide due to easing supply worries and weakening demand.
The three major US indexes ended the session in negative territory, with the S&P 500 and the Dow easing back from Monday’s record closing highs.
