Sensex opens in red, dipped over 400 points, Nifty below 7,750

The BSE Sensex and NSE Nifty opened in red on Thursday tracking weak global markets. The BSE Sensex opened 196.62 points lower at 25,522.96. NSE Nifty opened 89.55 points down at 7729.05.

All the sectoral indices on Bombay Stock Exchange (BSE) also opened lower than their previous close.

Asian stocks fell on Thursday after lacklustre Chinese and Japanese economic data added to heightened worries about slackening global growth, sapping investors’ appetite for riskier assets.

Back home, domestic equity markets gained over 1.50 per cent on Wednesday on the back of positive feelers from global markets and a slew of reforms.

Global Markets

New York: US stocks ended more than 1 per cent lower on Wednesday after rallying the day before, led by declines in shares of Apple and energy companies, which fell with oil prices.

London: Britain’s top stock index rallied on Wednesday for a third straight session, boosted by encouraging corporate news from mining companies and financial firms and gains in Asian markets

Tokyo: Japan’s Nikkei fell on Thursday as a surprise drop in machinery data heightened concerns about the economy, further spooking investors who rushed to book profits a day after the market posted its biggest one-day gain in nearly seven years.

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Source:Financial Express

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