Last Updated:
The benchmark Indian equity indices are expected to open lower on Wednesday, tracking weakness across global markets
Stock Markets Today.
Sensex Today: Benchmark equity indices began Tuesday’s session on a cautious note, weighed down by weak global cues and heightened anticipation around the two-day Goods and Services Tax (GST) Council meeting that kicks off today. The meeting is expected to discuss the rationalisation of the multiple-rate indirect tax structure, a reform Prime Minister Narendra Modi flagged in his Independence Day address.
The BSE Sensex, which opened 138 points higher at 80,296, soon gave up gains and slipped into negative territory, trading 140 points lower at 80,015. The NSE Nifty touched an early high of 24,631 before retreating 31 points to 24,544.
Global Cues
Asian equities edged lower on Wednesday morning, following overnight declines on Wall Street. Rising global bond yields and concerns over global trade added to the pressure. Australia’s S&P/ASX 200 slipped 0.5 per cent, Japan’s Nikkei 225 fell 0.35 per cent, and South Korea’s Kospi was largely flat amid volatile trade.
US markets ended Tuesday in the red after a federal appeals court ruled that most of former President Donald Trump’s tariffs were illegal, clouding trade sentiment. The Dow Jones Industrial Average dropped 0.55 per cent, the S&P 500 slipped 0.69 per cent, and the tech-heavy Nasdaq Composite shed 0.82 per cent.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
Read More
