Stock market today: BSE Sensex over 150 points down; Nifty50 near 23,650 – Newz9

inventory market immediately: Indian fairness benchmark indices, BSE Sensex and Nifty50, opened in inexperienced however shortly moved to the pink territory on Wednesday. While BSE Sensex was near 78,000, Nifty50 was above 23,650. At 9:20 AM, BSE Sensex was buying and selling at 78,045.67, down 153 points or 0.20%. Nifty50 was at 23,673.40, down 35 points or 0.15%.
We expect markets to remain in a range amid news flows over HMPV, pre-quarterly business updates, and take cues from the upcoming Q3 results,” stated Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
Nifty’s quick-time period outlook signifies consolidation between 23,500-23,900, with directional readability rising submit vary breakout.
US markets declined on Tuesday as sturdy financial knowledge sparked considerations about inflation affecting the Federal Reserve’s financial easing plans.
Asian equities declined, following US markets, as Treasury yields elevated amid hypothesis that the Federal Reserve would delay fee cuts till July as a consequence of inflation considerations.
The US greenback strengthened on Wednesday while the yen weakened near ranges that prompted intervention final 12 months, following sturdy US financial knowledge that led to yield will increase and diminished expectations of Federal Reserve fee reductions.
Foreign portfolio buyers grew to become web sellers at Rs 1,491 crore on Tuesday, whereas home institutional buyers bought shares price Rs 1615 crore.
FIIs’ web quick place decreased from Rs 2.22 lakh crore on Monday to Rs 2.21 lakh crore on Tuesday.