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Benchmark Indian equity indices, BSE Sensex and Nifty 50, opened slightly higher on Wednesday, tracking modest global cues.
Stock Market Updates
Stock Market Today: Benchmark Indian equity indices, BSE Sensex and Nifty 50, opened slightly higher on Wednesday, tracking modest global cues.
At the opening bell, the BSE Sensex was up by 51.92 points, or 0.06%, at 80,842, while the Nifty 50 stood at 24,464, gaining 7.55 points, or 0.03%.
Global Cues
Markets in the Asia-Pacific region were trading lower following South Korea’s President Yoon Suk Yeol’s brief imposition and subsequent lifting of martial law. South Korea’s Kospi index fell by 1.8%, while the Kosdaq dropped 2.18%.
Other Asian markets also saw declines, with Japan’s Nikkei 225 down 0.3%, the Topix dropping 0.4%, Hong Kong’s Hang Seng index down 0.16%, the CSI 300 falling 0.27%, and the Shanghai Composite slipping 0.13%. Australia’s S&P/ASX 200 was down 0.55%.
In the US, both the S&P 500 and Nasdaq Composite closed at record highs overnight, while the Dow Jones saw a decline. Investors also absorbed reassuring comments from Federal Reserve officials, who indicated that inflation is on track to reach the central bank’s 2% target, with a “solid” job market.