Business Standard

Global cues pull equity indices deep in the red


IANS Mumbai
Global cues -- especially the prospects of higher interest rates in the US -- subdued the Indian equity markets on Wednesday.
Market observers said the domestic equity indices mimicked their Asian peers which traded in the red following US Federal Reserve Chairman Jerome Powell's comments on the rate hike trajectory.
At 3.30 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed at 34,184.04 points, down by 162 points or 0.47 per cent from its previous close of 34,346.39 points.
Similarly, the wider Nifty50 of the National Stock Exchange (NSE) edged lower during the day's trade session. It receded by 61.45 points, or 0.58 per cent, to close a 10,492.85 points.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 28 2018 | 3:46 PM IST

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