Sensex Today Live | Share Market updates: Indian stock market benchmark indices, Sensex and Nifty 50, are anticipated to open lower on Wednesday, reflecting mixed global market signals. Trends in Gift Nifty also suggest a subdued start for the Indian benchmark indices.
On Tuesday, Indian stock market indices ended flat due to weak global cues, “After a sharp upmove recently, the market showing such formations in the last two sessions indicates the possibility of a minor downward correction in the short term. Nifty is currently placed at the hurdle of 23,400 – 23,500 levels (1.382% Fibonacci projection), weekly hanging man, and the opening downside gap of 4th June, which are weighing heavily on the market to sustain the new all-time highs,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities.
Asian markets traded mixed in early trade. The US stock market ended mixed on Tuesday, with the S&P 500 and Nasdaq hitting record closing highs for the second consecutive day ahead of consumer prices data and a policy announcement from the Federal Reserve.
Back home, all eyes will be on the CPI inflation data to be released post-market hours today. India’s retail inflation was likely steady at 4.8% in May, compared to 4.83% the previous month, as a sequential rise in food prices was offset by low core inflation, a median estimate of 15 economists polled by Mint showed.
Sensex Today Live: Wall Street ends mixed; S&P 500 and Nasdaq hit record highs
Wall Street saw a mixed close on Tuesday, with the S&P 500 and Nasdaq Composite reaching new record highs for the second day in a row. The subdued trading session occurred ahead of a crucial inflation report and the Federal Reserve’s latest interest rate policy decision, expected on Wednesday.
The S&P 500 gained 0.3%. The tech-heavy Nasdaq Composite rose 0.9%.
Sensex Today Live: Asian markets mixed as traders await Federal Reserve’s policy decision and US inflation data
Asian markets were mixed as traders anticipated the Federal Reserve’s policy decision and upcoming US inflation data. The euro struggled to recover from a sell-off driven by European political uncertainty.
Markets in Hong Kong, Shanghai, and Sydney all declined, while Tokyo, Seoul, Bangkok, and Mumbai managed to edge up.
