Indian benchmark equity indices continued their downward movement on Wednesday, with both the BSE Sensex and Nifty 50 opening lower.
At opening bell, the BSE Sensex was down 309.75 points, or 0.39 per cent, at 79,910.97, while the Nifty 50 was at 24,448.35, down 23.75 points, or 0.1 per cent.
Global Cues
Meanwhile, markets in the Asia-Pacific region were mixed, with Japan’s Nikkei 225 trading slightly below the flatline, down 0.04 per cent, while the broad based Topix was higher by 0.19 per cent.
South Korea’s Kospi was up 0.43 per cent, while the small-cap Kosdaq was down 0.72 per cent.
Australia’s S&P/ASX 200 was up 0.14 per cent, while in mainland China, the Shanghai Composite was down 0.08 per cent, and the CSI300 was down 0.53 per cent.
However, the Hang Seng index was ahead by 0.39 per cent.
That apart, global stocks dropped for the second straight session while US yields rose on Tuesday amid market uncertainty ahead of the US election as well as the outlook on interest rate cuts.
Democratic Vice President Kamala Harris held a marginal lead of 46 per cent to 43 per cent over Republican former President Donald Trump, according to a Reuters/Ipsos poll, as both candidates vie to capture swing states ahead of November 5.
The benchmark S&P 500 and the Dow finished lower in choppy trading driven by losses in industrials, materials and utilities stocks. The Nasdaq ended higher as investors digested corporate results from companies across sectors in the US economy.
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