Markets in the Asia-Pacific region were trading lower in early Thursday, taking clues from the decline on Wall Street as the U.S. Federal Reserve’s December meeting minutes suggested interest rates were going to stay elevated for a long time.
Share indices in Japan were mixed as they opened after a holiday break on Thursday. Topix traded 0.1% higher when Nikkei lost over 1%.
Brent crude was trading 0.42% higher at $78.58 a barrel. Gold was up by 0.1% at $2,043.81 an ounce as of 07:44 a.m.
The GIFT Nifty was trading 22.5 points or 0.10% higher at 21,627.5 as of 8:20 a.m.
India’s benchmark stock indices ended lower for a second day in a row on Wednesday, weighed by losses in index heavyweights HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd.
The BSE Sensex ended 0.75%, or 535.88 points, lower at 71,356.60, while the NSE Nifty 50 declined 0.69%, or 148.45 points, to close at 21,517.35.
Overseas investors became net sellers of Indian equities on Wednesday. Foreign portfolio investors offloaded stocks worth Rs 666.3 crore, while domestic institutional investors remained net sellers and sold equities worth Rs 862.9 crore, the NSE data showed.
The Indian rupee strengthened 3 paise to close at Rs 83.29 against the U.S. dollar on Wednesday.
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
