Benchmark indices ended in the red on Wednesday afternoon. Amid a subdued global mood, the 30-pack index shut shop at 53,027, down 150 points or 0.28 per cent. The Nifty50 index, meanwhile, closed at 15,799, down 51 points or 0.32 per cent.
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Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices, which also boosted the safe-haven dollar. Japan’s Nikkei index fell 1.01 per cent in early trading, while MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent, dragged lower by Australian shares, off 1.29 per cent, and Korea’s KOSPI, down 1.57 per cent.
Tokyo stocks opened lower on Wednesday, extending falls on Wall Street as a gloomy US consumer confidence report offset positive news about China’s move to scale back Covid-19 restrictions. The benchmark Nikkei 225 index was down 0.67 per cent, or 235.88 points, at 26,813.59 in early trade, while the broader Topix index slipped 0.79 per cent, or 14.98 points, to 1,892.40.
Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over the recession and the looming earnings season.
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