Indian stock markets open lower as US Fed announces rate cut
MUMBAI: The Indian stock market opened on a weak note on Thursday as Fed decision to cut rates by 25bp didn’t impact the market.
MUMBAI: The Indian stock market opened on a weak note on Thursday as Fed decision to cut rates by 25bp didn’t impact the market.
Both benchmark indices, the Sensex and Nifty, started lower in early trade. The Sensex slipped 228 points, or 0.27 per cent, to 84,770, while the Nifty fell 81 points, or 0.31 per cent, to 25,973.
“From a technical perspective, the Nifty continues to maintain a sideways-to-bullish bias as long as it sustains above the 25,900–26,000 support zone,” analysts said.
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