Sensex Today: The benchmark indices in India opened with volatility on Wednesday, a day after they touched their three-month lows amid a bloodbath.
The BSE Sensex was at 82,027, down 153 points or 0.19
per cent, while the Nifty50 was at 25,246, up 14 points or 0.06 per cent.
In the broader markets, the Nifty MidCap index gained 0.02 per cent, but the Nifty SmallCap index dipped 0.03 per cent.
Rupee At Record Low
The Indian rupee opened at a record low of 91.07 against the US dollar on Wednesday.
Global cues
Asian markets extended their losses on Wednesday, weighed down by renewed geopolitical concerns after the US President issued fresh warnings to European nations over the Greenland issue. Japan’s Nikkei slipped 0.35 percent after government bond yields rebounded, a day after a sharp selloff.
Trump has imposed a 10 percent tariff on eight European countries, effective February 1, with the rate set to rise to 25 percent in June, after they opposed his plans to acquire Greenland.
Overnight, Wall Street recorded its worst session since April last year, according to Bloomberg, with market volatility touching its highest level since November. Both the S&P 500 and the Nasdaq ended more than 2 percent lower.
The spotlight this week remains on the World Economic Forum in Davos, where global leaders have raised concerns over the dominance of “superpowers”. Canadian Prime Minister Mark Carney, in a key address, said the “rules-based international order” is effectively dead.
