India’s Nifty and Sensex snapped opening gains to resume the pullback on Thursday.
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- India’s Nifty and Sensex snapped opening gains to resume the pullback on Thursday.
- On Wednesday, Nifty corrected from all-time high above 22,200, Sensex failed to sustain above 73,000.
- India’s PMI came in mixed, focus shifts to US PMIs data and RBI Minutes.
The Sensex 30 and Nifty 50, India’s key benchmark indices, resumed their corrective decline on Thursday, erasing the opening gains.
Indian indices slipped despite the optimism in the Asian stock markets, courtesy of the encouraging earnings report from the American tech-giant Nvidia. Japan’s Nikkei 225 index hit a record high above 39,000
Mixed Indian preliminary business PMI data also failed to lift the sentiment around Nifty and Sensex.
At the time of writing, the National Stock Exchange (NSE) Nifty 50 is edging 0.55% lower on the day to 21,934.75 in early trades while the Bombay Stock Exchange (BSE) Sensex 30 is also down 0.55% at 72,222.93.
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