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The heavy sell-off in late trades on Tuesday may prompt the key benchmark indices start on a nervous note. Investor sentiment seems to be hit with markets sliding in the last five straight trading sessions. As of 07:20 AM, the SGX Nifty April futures quoted at 16,988 as against the spot Nifty close of 17,959 on Tuesday.
Meanwhile, the International Monetary Fund (IMF), in its latest World Economic Outlook report, has slashed its forecast for India's FY23 gross domestic product (GDP) growth to 8.2 per cent from 9 per cent, saying that higher commodity prices will weigh on private consumption
