Sensex sheds 250 points on weak global cues; Nifty slips below 11,550

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The Indian equity markets' stellar rally on the back of the government's corporate tax break announcement was broken on Wednesday as the key indices opened in red on the back of weak global cues. At 09:18 am, the BSE S&P Sensex was down by 200 points at 38,897 while the Nifty 50 down by 54 points at 11,533.

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Watch Sensex sheds 250 points on weak global cues; Nifty slips below 11,550 With HD Quality.

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    Sensex sheds 250 points on weak global cues; Nifty slips below 11,550

    The Indian equity markets' stellar rally on the back of the government's corporate tax break announcement was broken on Wednesday as the key indices opened in red on the back of weak global cues. At 09:18 am, the BSE S&P Sensex was down by 200 points at 38,897 while the Nifty 50 down by 54 points at 11,533.

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    Watch Sensex sheds 250 points on weak global cues; Nifty slips below 11,550 With HD Quality

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    Sensex sheds 100 points on weak global cues, Nifty slips below 11,500

    Domestic stocks declined in the early trade amid weak global cues. Market benchmark BSE Sensex was down by 100 points or 0.25 per cent at 38,724.25 while the broader NSE Nifty slipped by 31.10 points or 0.27 per cent to 11,481.30.

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    The BSE benchmark Sensex plunged over 300 points in opening trade on Thursday amid subdued global cues. Likewise, the NSE gauge Nifty too dropped over 85 points to slip below the psychological 11,300-level. At 9.18 AM, the BSE Sensex was trading at 38,004.68, lower by 300.73 points or 0.80 per cent from the previous close of 38,305.41 points. It has touched an intra-day high of 38,873.12 and a low of 38,584.18 points. The Nifty50 on the National Stock Exchange was trading at 11,274.80 points, lower by 85.10 points or 0.75 per cent from its previous close.

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    The benchmark BSE Sensex declined for a fourth straight day on Wednesday amid weak global cues. on short-covering by investors amid weakness in Asian markets. Global stock markets remained under selling pressure over political uncertainty in the US and worries of global economic slowdown. At 09:18 AM, The benchmark BSE Sensex was trading 191 points, 0.54 per cent, lower at 35,279.52. NSE Nifty was trading lower 55 points, or 0.52 per cent, at 10,608.45.

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