Business Desk, AnyTV, New Delhi
Published by: Vivek Das
Updated Wed, 29 Jun 2022 01:06 PM IST
hear the news
Expansion
After weakness in SGX Nifty, Indian markets opened in red mark on Wednesday. The Sensex fell by 500 points to 52623 and the Nifty opened at 15705. At present, Nifty has fallen while trying to hold it at 15700. At the same time, the Indian rupee has also slipped to 78.90.
Earlier, after a good start, the US markets have seen a decline. The Dow Jones declined from the day’s high and closed at the day’s low. The Dow has closed trading down 950 points from the day’s high. Apart from this, Nasdaq has also seen a fall of up to 3 percent. In fact, weak consumer confidence data in the US has weakened the market. Selling pressure is increasing in all sectors except energy sector stocks.
However, markets in Europe have seen a rise of 0.5 percent. But talk about Asian markets, selling is seen dominating here too. SGX Nifty is down by 170 points and this index is trading continuously with red mark. Due to this, weakness in the Indian market is likely to remain.