Indian benchmark equity indices, BSE Sensex and Nifty 50, opened lower on Friday, following a negative close on Wall Street overnight.
Sensex Today: Indian benchmark equity indices, BSE Sensex and Nifty 50, opened lower on Friday, following a negative close on Wall Street overnight.
At the opening bell, the BSE Sensex was down by 157.54 points, or 0.19%, at 81,132.42, while the Nifty 50 was at 24,495.10, losing 53.60 points, or 0.22%.
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Global Cues:
Markets across the Asia-Pacific region were lower, with Chinese stocks leading the declines.
Hong Kong’s Hang Seng index dropped 1.39%, while mainland China’s CSI 300 fell 0.94%, and the Shanghai Composite declined by 1.11%. Japan’s Nikkei 225 lost 1.16%, while the broader Topix index was down by 1.12%.
South Korea’s Kospi slipped 0.1%, though the small-cap Kosdaq rose 0.8%. And, Australia’s S&P/ASX 200 fell 0.69%.
In the U.S., the Dow Jones Industrial Average dropped 234.44 points, or 0.53%, to 43,914.12, while the S&P 500 lost 32.94 points, or 0.54%, to 6,051.25. The Nasdaq Composite fell by 132.05 points, or 0.66%, to 19,902.84.
While mega-cap and growth stocks showed mixed results, Nvidia dropped by 1.4%, whereas Microsoft gained 0.1%.
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European stocks also closed lower on Thursday after the European Central Bank cut interest rates by 25 basis points as anticipated, signaling potential further easing to support a sluggish economy amid rising political uncertainties. The pan-European STOXX 600 index ended the volatile session down by 0.1%, although eurozone bank stocks, which are sensitive to interest rates, rose 0.3%.
