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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 12 PM, the BSE Sensex was 54.23 points, or 0.07% lower at 80,791.52, while the Nifty 50 was at 24,429, down 27.50 points, or 0.11%.
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.