India’s Nifty and Sensex opened lower after the Tuesday turnaround.
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- India’s Nifty and Sensex opened lower 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 await India’s WPI inflation data.
The Sensex 30 and Nifty 50, India’s key benchmark indices, witness heavy losses on Wednesday’s opening, following a comeback on Tuesday. The Indian indices 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.
At the time of writing, the National Stock Exchange (NSE) Nifty 50 index decline 0.80% on the day to trade at 21,572.20. The Bombay Stock Exchange (BSE) Sensex 30 also lose 0.82% on a daily basis, falling back under the 71,000 threshold. All eyes now remain on India’s Wholesale Price Index (WPI) data.
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