April 22, 2024
Stock Market

Sensex, Nifty Trade Higher At Pre-Open; Zee, Hindalco Industries, Mind Corp In Focus

Markets in the Asia-Pacific region were trading in negative territory during early trade on Wednesday, taking cues from overnight losses on Wall Street.

The Nikkei 225 was trading 0.29% lower at 38,251.93, while the S&P ASX 200 was trading 0.71% down at 7,604.50 as of 6:21 a.m. Investors await the interest rate decision by Indonesia on Wednesday.

Big tech dragged the U.S. stock market away from its all-time highs, with Wall Street awaiting Nvidia Corp.’s earnings Wednesday for confirmation it can meet the sky-high expectations set by the artificial intelligence boom, according to Bloomberg.

The S&P 500 edged 0.60% lower, and the Nasdaq Composite declined 0.92% on Tuesday. The Dow Jones Industrial Average traded 0.17% lower.

Brent crude was 1.46% down at $82.34 a barrel. Gold was lower by 0.03% at $2,023.76 an ounce.

The GIFT Nifty was trading 27.5 points or 0.12% lower at 22,251.00 as of 8:25 a.m

India’s benchmark stock indices ended higher for the sixth consecutive session on Tuesday, with the NSE Nifty 50 closing at an all-time high.

The Nifty ended 74.70 points, or 0.34%, higher at 22,196.95, while the S&P BSE Sensex closed 349.24 points, or 0.48%, up at 73,057.40.

Overseas investors remained net sellers of Indian equities for the second consecutive session on Tuesday.

Foreign portfolio investors offloaded stocks worth Rs 1,335.5 crore, while domestic institutional investors remained net buyers and mopped up equities worth Rs 1,491.3 crore, the NSE data showed.

The Indian rupee strengthened 5 paise to close at Rs 82.97 against the U.S. dollar.

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