Mumbai (Maharashtra) [India], February 27 (ANI): The share markets within the nation opened underneath strain with a marginal decline on Friday amid weak spot in world markets, whereas buyers remained cautious forward of the GDP information scheduled to be launched later within the day.
The Nifty 50 index opened at 25,459.85, declining by -36.70 factors or (-0.14 per cent). The BSE Sensex opened at 82,220.48, down by -28.13 factors or -0.03 per cent.
Market consultants mentioned world cues are at present dominating home sentiment.
Ajay Bagga, Banking and Market Expert, instructed ANI, ‘Indian markets are set to open decrease. Global cues are dominating Indian markets, with IT being the worst performer, adopted by the IT-dependent Real Estate sector. FPIs have been internet consumers in February, which is a optimistic. India will see the discharge of the quarterly GDP quantity this night. US markets have been weak regardless of sturdy outcomes and steerage from Nvidia as expertise shares noticed resumed promoting. Geopolitical tensions stay elevated even because the US-Iran dialogue continued in Geneva. Asian markets are down this morning on the again of the US weak spot.’
In the broader markets, virtually all main indices on the NSE have been underneath strain. The Nifty 100 declined by 0.4 per cent, the Nifty Midcap 100 misplaced 0.47 per cent, and the Nifty Smallcap 100 was down by 0.43 per cent.
Among sectoral indices on the NSE, besides Nifty IT, which surged by 1.66 per cent, all different sectoral indices have been buying and selling within the purple. Nifty Auto declined by 0.65 per cent, Nifty FMCG fell by 0.54 per cent, Nifty Media misplaced 0.15 per cent, and Nifty Metal was down by 0.66 per cent.
In commodities, gold costs have been buying and selling virtually flat at Rs 160068 per 10 grams for twenty-four karat on the time of submitting this report. Silver costs, nonetheless, surged to Rs 266337 per kg.
In different Asian markets on Friday, promoting strain was seen throughout most main indices. Hong Kong’s Hang Seng index was down by 1.46 per cent to 26382. South Korea’s Kospi index declined by 0.87 per cent to 6256. Taiwan’s market remained closed for a vacation. However, Japan’s Nikkei 225 index gained 0.29 per cent to 58753, whereas Singapore’s Straits Times index rose by 0.33 per cent to 4980.
In the US markets on Thursday, the Dow Jones index closed virtually flat at 49,499.20. The S&P 500 declined by 0.54 per cent to shut on the 6908 stage, whereas the Nasdaq fell greater than 1.2 per cent or 279 factors to shut at 22872.35. (ANI)