India’s Nifty and Sensex eye a negative open after the Tuesday turnaround.
Nifty and Sensex bounced on Tuesday amid fresh buying in banking, financial services and IT sector stocks.
With US CPI out of the way, Nifty and Sensex traders India’s WPI inflation data.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are eyeing a negative open, following a comeback on Tuesday. The Indian indices are likely to track the Wall Street sell-off and the decline in their Asian peers, as markets take account of the hot US Consumer Price Index (CPI) data.
Gift Nifty Index, formerly known as the SGX Nifty, is posting small losses, pointing to a weak start for Nifty and Sensex on Wednesday. The National Stock Exchange (NSE) Nifty 50 index closed 0.59% higher on the day at 21,743.25. The Bombay Stock Exchange (BSE) Sensex 30 settled Tuesday at 71,555.19, adding 0.68% on a daily basis
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