Sensex and Nifty opened with gains tracking Asian stocks that were mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight.
Indian benchmark indices opened with gains on Wednesday as volatility persists globally. Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed
Asian equities open in green , US market ends largely weak
Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.35%, Australian shares were up 0.33%, and Seoul and Taiwan both ticked upwards 0.61% and 0.2%. Hong Kong's, Shanghai's and China's CSI300 indexes opened marginally higher while Japan's Nikkei share average was down 0.18%.
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The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors' risk appetite. The Dow Jones Industrial Average rose 48.38 points, or 0.15%, to 31,928.62; the S&P 500 lost 32.27 points, or 0.81%, to 3,941.48; and the Nasdaq Composite dropped 270.83 points, or 2.35%, to 11,264.45.
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