Stock Market, Nifty 50, Sensex Today Live Updates:Indian stock markets edged towards the day’s low level around 9.35 AM. The BSE Sensex was at 84,838, down 300 points or 0.35 per cent. The Nifty50, on the other hand, was at 25,928, lower by 104 points or 0.4 per cent.
In the broader market, the Nifty MidCap declined 0.14%, and the Nifty SmallCap edged down 0.02%.
Sectorally, the Nifty IT and Nifty Pharma rose 0.5% each as the Indian rupee touched record lows. These export-oriented sectors typically benefit from a weaker rupee, as companies earn a significant portion of their revenues in dollars while most costs remain rupee-denominated.
On the downside, the Nifty PSU Bank index slipped 0.6%.
Global cues
Asia-Pacific markets traded mostly higher on Wednesday, following a tech-led rebound on Wall Street and a sharp recovery in cryptocurrencies.
Japan’s Nikkei 225 gained 0.76%, while the broader Topix slipped 0.31%.
In South Korea, the Kospi advanced 1.06%. Revised third-quarter GDP data showed the economy expanded 1.8% year-on-year, slightly above the earlier estimate of 1.7%, as per the central bank.
Australia’s S&P/ASX 200 rose 0.32%, even as third-quarter GDP growth missed expectations. The economy grew 2.1% year-on-year—its fastest pace since Q3 2023—but fell short of the 2.2% forecast in a Reuters poll.
US stock futures were steady in early Asian trade after overnight gains on Wall Street, where the Dow rose 0.39%, the S&P 500 added 0.25%, and the Nasdaq climbed 0.59%.
Investors will also track US September trade data, US November global composite and services PMI numbers, and a speech by Christine Lagarde, President of the European Central Bank.