Amid mixed global cues, the Sensex fell nearly 150 points. (File)
Mumbai:
The stock market opened lower today, with the benchmark Sensex down nearly 150 points amid mixed global cues and broader concerns over the US Federal Reserve’s interest rate trajectory.
The 30-share BSE Sensex was down 149.95 points, or 0.25 percent, at 60,198.14, while the broader NSE Nifty was down 29.75 points, or 0.17 percent, at 17,724.65.
17 constituents of the Sensex, including Reliance, TCS and HDFC traded in negative territory.
Asian markets saw mixed trends, with Japan trading higher and China lower.
The US market also witnessed mixed trends on Wednesday as US Federal Reserve Chairman Jerome Powell said the central bank would not decide on the size of a potential interest rate hike later this month despite strong labor market data and growth. inflation.
In a pre-market note, HDFC Securities Head of Retail Deepak Jasani said Asian stocks were lower in the US session on Thursday after key indicators posted modest gains as investors weighed the outlook for interest rates.
On Wednesday, the Sensex closed 123.63 points higher at 60,348.09, while the Nifty gained 42.95 points to end the day at 17,754.40.
Foreign portfolio investors (FPIs) made a net investment of Rs 3,671.56 crore on Wednesday.
(Except for the title, this story was not edited by NDTV staff and was published on a syndicated channel.)
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