Key indices edges lower in early trade; Nifty below 8200: Key benchmark indices edged lower amid initial volatility as global jitters drag sentiment. Global markets too are in the red with Asian markets heading lower in morning trade taking cues from a volatile trade on Wall Street. European market closed with deep cuts.
At 9:45 AM, the S&P BSE Sensex is trading at 27,070 down 250 points, while NSE Nifty is trading at 8150 down 150 points. The Mid-cap and Small-cap Index are also trading down at 1.00% each. The market breadth indicating the overall health of the market is weak. The Indian rupee declined in the opening trade; hits lowest level 63.40/USD since November 2013. The Russian ruble rebounded from record lows it hit yesterday after the Russian Central Bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen.
At 9:45 AM, the S&P BSE Sensex is trading at 27,070 down 250 points, while NSE Nifty is trading at 8150 down 150 points. The Mid-cap and Small-cap Index are also trading down at 1.00% each. The market breadth indicating the overall health of the market is weak. The Indian rupee declined in the opening trade; hits lowest level 63.40/USD since November 2013. The Russian ruble rebounded from record lows it hit yesterday after the Russian Central Bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen.
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