Sensex Today: The BSE Sensex and NSE Nifty opened Wednesday’s trading session with caution, reflecting a subdued trend in Asian markets.
Sensex Today: The BSE Sensex and NSE Nifty opened Wednesday’s trading session with caution, reflecting a subdued trend in Asian markets.
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The Sensex began 117 points, or 0.2 per cent, higher at 80,121 but quickly reversed course, dropping to a low of 79,879, down over 100 points. The NSE Nifty 50 index stood at 24,170, down by 20 points.
Global Cues:
Asian markets showed a mixed performance on Wednesday, despite US stocks closing at record highs. Market sentiment was impacted by concerns over President Trump’s threat of higher tariffs on China and neighboring countries.
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The Nikkei, Shanghai Composite, and Kospi fell by up to 0.7 per cent, while the Hang Seng, Taiwan, and Straits Times saw slight gains.
In the US, the Dow Jones surged over 650 points from its day’s low to close at a record high, up 124 points, ahead of the US Federal Open Market Committee (FOMC) minutes and third-quarter GDP data. The S&P 500 and NASDAQ also rose by 0.5% each.
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Crude oil prices eased slightly following reports of a ceasefire between Israel and Hezbollah. Crude futures dropped below $68 per barrel, while Brent Crude slipped to $72 per barrel. Gold remained steady around $2,650.
