Sensex, Nifty opened lower as investors turn cautious post the third phase of Lok Sabha polls.
Sensex, Nifty opened lower as investors turn cautious post the third phase of Lok Sabha polls.
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S&P BSE Sensex opened 0.47 per cent or 347 points lower at 73,164.16 while NSE Nifty50 dropped 0.47 per cent or 104 points to 22,198.10 levels.
On the BSE, Maruti Suzuki, Reliance Industries were the top gainers while L&T and Asian Paints were among the major laggards.
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Similarly, on the NSE, Maruti Suzuki, Coal India were the top gainers while Dr Reddy, Grasim were among the top losers.
Global Cues
On Wednesday, Asian stocks showed a lack of clear direction, while the dollar maintained its strength despite lower U.S. Treasury yields. Market sentiment was influenced by mixed signals from U.S. policymakers and economic data, prompting assessment regarding the trajectory of Federal Reserve interest rates.
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The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.
