Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Nifty, Sensex Track Broader Asia Lower On U.S. Stimulus Setback

The NSE Nifty 50 index fell 0.43% to 11,886.20 by 0345 GMT, while the S&P BSE Sensex was down 0.4% at 40,544.09.

Photo Credit :

1575888504_ZZwbSI_bse_621x414.jpg

Indian shares opened lower on Thursday, dragged by financials, with broader Asian markets slipping as global investors fretted over a setback to U.S. stimulus talks.

The NSE Nifty 50 index fell 0.43% to 11,886.20 by 0345 GMT, while the S&P BSE Sensex was down 0.4% at 40,544.09.

Global investor sentiment took a fresh hit over talks to boost the world's largest economy after U.S. President Donald Trump on Wednesday accused Democrats of being unwilling to craft an acceptable compromise on stimulus, following reports of progress earlier in the day.

Meanwhile, a Reuters poll forecast that the economy was set for a near double-digit contraction this fiscal year and that a recent stimulus would not be enough to significantly boost economic activity.

The Nifty Bank index was down 0.8%, led by a 0.4%decline in shares of HDFC Bank .

Shares of Aurobindo Pharma slipped 2.1% after the drugmaker's unit got a warning letter from the U.S. FDA for a manufacturing facility in New Jersey.

(Reuters)


Tags assigned to this article:
share markets stock market sensex nifty equity investments