Sensex, Nifty start on tepid note on weak global cues
Market benchmarks Sensex and Nifty started on a cautious note on Wednesday as weakness in global equities led by uncertainty over US-China trade deal and political unrest in Hong Kong kept investors on edge.
Mumbai: Market benchmarks Sensex and Nifty started on a cautious note on Wednesday as weakness in global equities led by uncertainty over US-China trade deal and political unrest in Hong Kong kept investors on edge.
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After jumping over 100 points in opening session, the 30-share index pared gains to trade 19.98 points, or 0.05 per cent, higher at 40,365.06. Similarly, the broader NSE Nifty advanced 9.40 points, or 0.07 per cent, to 11,922.85.
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Market is now awaiting cues from consumer price inflation data, which is scheduled to be released later in the day.
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On the currency front, the rupee also depreciated 19 paise (intra-day) against the US dollar to trade at 71.66 in early session.(PTI)