Sensex, Nifty opened in green on Thursday morning as global sentiments turned negative after hawkish comments by the US Federal Reserve. The BSE Sensex fell 120 points to 60,545 and quickly turned flat, while the NSE Nifty50 slipped 26 points to 17,846.
L&T, Asian Paints, SBI, Power Grid, HDFC Bank, Hindalco and Tata Steel led gains across the two frontline indices. On the flip side, Adani Enterprises, Adani Ports, Maruti, Tech M, Tata Motors, Bajaj Finserv dipped.
The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were around 0.07 per cent higher.
Global Cues
Globally, the US equities lowered overnight after the US Fed speakers reiterated their hawkish stance, forecasting peak rates in the range of 5-5.2 per cent, which is above market estimates. Dow Jones, the S&P 500, and NASDAQ Composite indices declined up to 1 per cent.
Asia-Pacific markets, too, fell this morning, with the S&P 200, Nikkei 225, Kospi, Kosdaq, Hang Seng, and Shanghai Composite indices lowering up to 0.6 per cent
In the commodities basket, prices of both Brent Crude and WTI Crude climbed 0.1 per cent each to $85 per barrel, and $78 per barrel, respectively.
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