Domestic benchmark indices Sensex and Nifty50 slipped into the red soon after opening on a positive note on Wednesday (January 8). The domestic market has come under pressure due to continuous selling by foreign investors (FIIs) and weakness in the US markets.
Market opened in red after positive signals
As of 9.33 am, Sensex opened 267 points down at 77,931 while Nifty opened 73.80 points down at 23,634.10.
However, in the last trading session, strength was seen in the domestic market. The Sensex closed 234.12 points (0.30%) higher at 78,199.11. Nifty50 also rose 91.85 points (0.39%) to 23,707.90.
today’s global signals
- Asia-Pacific markets opened with losses on Wednesday. This is due to the decline on Wall Street and rising Treasury yields, which have put major US tech stocks under pressure.
- Japan’s Nikkei index fell 0.57 percent, while the Topix index dropped 0.45 percent. At the same time, South Korea’s Kospi index was seen trading with a slight increase of 0.28 percent.
- Australia’s ASX 200 index remained near the flat line.
- As far as US markets are concerned, Wall Street remained in the red due to weakness in major technology stocks. The S&P 500 index was down 1.11 percent, the Dow Jones Industrial Average was down 0.42 percent and the Nasdaq Composite was down 1.89 percent.
