Key indices are poised to open lower on, tracking mixed cues from fellow Asian peers after Wall Street ended lower in overnight trade on fading hopes that the Trump government will deliver its tax cuts promises. Bearish trend in the SGX Nifty Index is trading 68.00 points lower.
Indian shares fell for a second consecutive session on Tuesday, as lenders such as Axis Bank were hit by a Morgan Stanley downgrade while worries of regulatory action from the U.S. Food and Drug Administration triggered selling in drugmakers. The S&P BSE Sensex and CNX Nifty dipped 0.11%-0.06% each.
Sensex closed at 29485.45, fell by 33.29 points or by 0.11%, and the NSE Nifty ended at 9121.50, slipped by 33.20 points or by 0.36%.
European shares ended lower on Tuesday, reversing earlier gains as jitters about U.S. President Donald Trump's ability to push through reforms overshadowed soothing news from the French presidential debateEuropean shares ended lower on Tuesday, reversing earlier gains as jitters about U.S. President Donald Trump's ability to push through reforms overshadowed soothing news from the French presidential debate
Wall Street fell sharply on Tuesday as investors worried that President Donald Trump will struggle to deliver promised tax cuts that propelled the market to record highs in recent months, with nervousness deepening ahead of a key healthcare vote.
Asian stocks fell on Wednesday as a sharp pullback in Wall Street on doubts about Donald Trump's economic agenda prompted investors to rush to safe haven assets such as gold and government bonds.
Major Headlines of the day:
United Bank QIP Issue Opens, Floor Price Set at Rs24.44/Share.
Mindtree to consider declaration of interim dividend March 27.
Subex Board Meet On March 24 To Consider Issue Of Equity Shares On Preferential Basis.
Trend in FII flows: The FIIs were net buyers of Rs 1662.72 the cash segment on Tuesday while the DIIs were net sellers of Rs -798.57 as per the provisional figures.
Securities in Ban For Trade Date 22-MAR-2017: