Domestic markets are likely to extend losses to the fourth trading session on Wednesday, as higher interest rate concerns hurt global sentiments. As of 8:03 am, the SGX Nifty stood at 17,757 levels, down over 50-odd points.
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Domestic markets are likely to extend losses to the fourth trading session on Wednesday, as higher interest rate concerns hurt global sentiments. As of 8:03 am, the SGX Nifty stood at 17,757 levels, down over 50-odd points.
Today, investors will keenly watch minutes of both the Reserve Bank of India (RBI), and the US Federal Reserve’s (US Fed) February meeting, in order to discern their policy outlook.
That apart, US markets posted their worst performance in 2023 on Tuesday, as key indices Dow Jones, the S&P 500, and NASDAQ Composite closed over 2 per cent lower.
The dampened mood spread across markets in Asia-Pacific too, this morning, as Nikkei 225, Kospi, Kosdaq, Topix, and the S&P 200 indices fell up to 1 per cent.
Meanwhile, in the commodities basket, prices of Brent Crude and WTI Crude declined up to 0.2 per cent to $82 per barrel, and $76 per barrel, respectively.
Among individual stocks, shares of Bharti Airtel will be in focus as the telecom service provider launched 5G services in Haridwar, in addition to Dehradun.
Besides, shares of Bharat Electronics will be under investors’ radar after it signed an agreement with ADA, DRDO, for an advanced medium combat aircraft programme.
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