Stock Market Updates: Sensex Down Over 50 Points, Nifty Tests 25,000; Suzlon Jumps 3%

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Indian equity benchmark indices opened lower on Wednesday, dragged down by weak cues flowing from Asian markets

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Indian equity benchmark indices opened lower on Wednesday, dragged down by weak cues flowing from Asian markets, ahead of key economic data releasing today.

At opening bell, the BSE Sensex was down nearly 70 points, or 0.08 per cent, at 81,851, while the Nifty50 was at 25,020, lower by 20 points, or 0.08 per cent.

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Gloabal Cues

Asian stocks wobbled on Wednesday, while oil prices loitered around three-year lows on concerns over a weak demand outlook.

Japan’s Nikkei 225 shed 0.7 per cent and the Topix was down 0.86 per cent, while South Korea’s Kospi slipped 0.20 per cent. However, the small-cap Kosdaq rose 1.61 per cent.

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Australia’s S&P/ASX 200 was marginally higher and Hong Kong’s Hang Seng index futures were at 17,072, lower than the HSI’s last close of 17,190.