Business

Sensex Sheds Nearly 100 Points, Nifty Hovers At 17,850


The domestic stock markets have opened on a cautious note in the absence of any positive cues from the global front. The S&P 500 and Nasdaq indexes ended lower on Monday as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter’s final week. Stocks in Asia-Pacific largely declined in Tuesday morning trade as various firms downgraded China’s GDP forecasts. At 8:18 am, the BSE Sensex was trading at 60,029.60, lower by 73.50 points or 0.12 per cent and the NSE Nifty was at 17,843.20, down 13 points.

On the global front, the Dow Jones rose 0.21 per cent to 34,869.37 overnight, while the S&P 500 lost 0.28 per cent at 4,443.11; and the Nasdaq Composite dropped 0.52 per cent to 14,969.97.

Stocks in Asia-Pacific largely declined in Tuesday morning trade, as various firms downgraded China’s GDP forecasts. South Korea’s Kospi slipped 0.81 per cent. In Japan, the Nikkei 225 fell 0.72 per cent while the Topix index shed 0.99 per cent. The S&P/ASX 200 in Australia dipped 0.28 per cent.

On Monday, the BSE Sensex had closed higher by 29.41 points and the NSE Nifty had gained two points to 17,855.10.



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