The Indian equity benchmarks are likely to open on a negative note on Wednesday as indicated by the Nifty Futures indicated in Singapore Exchange. The SGX index was trading 202.5 points or 1.15 per cent lower at 17,472.
The foreign institutional investors bought shares worth Rs 1,144 crore, whereas the domestic institutional investors bought shares worth Rs 632 crore
The Indian equity benchmarks are likely to open on a negative note on Wednesday as indicated by the Nifty Futures indicated in Singapore Exchange. The SGX index was trading 202.5 points or 1.15 per cent lower at 17,472.
Here are the key things to know before markets open on Wednesday.
The US stocks ended lower on Tuesday, marking the fourth straight week of losses, as investors worry about inflation and an aggressive rate hike by the US Federal Reserve. The S&P 500 slumped 16.07 points or 0.4 per cent to 3,908, whereas the Dow Jones Industrial Average declined by 173.14 points or 0.6 per cent to 31,145. While the Nasdaq slipped 85.96 points or 0.7 per cent to 11,544, the Russell 2000 index dropped 17.42 points or 1 per cent to 1,792.
The Asian stocks were trading on a mixed note on Tuesday. Japan’s Nikkei 225 index slipped sharply by 1.09 per cent, whereas Singapore’s Hang Seng index was trading 1.53 per cent lower. South Korea’s KOSPI plunged 1.53 per cent. China’s Shanghai Composite was trading marginally higher by 0.15 per cent, whereas Shenzhen Component was trading flat.
Crude oil prices fell on Tuesday amidst concerns about the rate hikes by the US Federal Reserve, and OPEC+ slashing output since October. Brent crude was trading $2.91 or 3 per cent lower at $92.83 per barrel, whereas US West Texas Intermediate surged 1 cent to settle at $86.88 per barrel.
Gold prices fell on Wednesday. Spot gold slumped 0.3 per cent at $1,696 per ounce, whereas US gold futures slipped 0.3 per cent at $1,708.
The foreign institutional investors bought shares worth Rs 1144 crore, whereas the domestic institutional investors bought shares worth Rs 632 crore.
InterGlobe Aviation- Petrus Johannes Theodorus Elbers joined InterGlobe Aviation, the parent company of IndiGo airline as the chief executive officer with effect from September 6.
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