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Sensex opens 400 points lower, Nifty below 22,500; Infosys down 3%
🇮🇳 India · Economy · Mumbai, Maharashtra · 5 h ago
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Investors are also watching for the US Federal Reserve's policy decision later this week, with uncertainty over interest rates adding to caution.
CRUDE OIL REMAINS A KEY CONCERN Elevated crude oil prices continued to weigh on sentiment, even as prices eased from their recent highs.
Pharma and healthcare stocks offered some support, with the Nifty Pharma index rising 0.36% and the Nifty Healthcare Index gaining 0.31%.
Their focus should be on the value buys that have emerged from this correction, even while exercising caution about the macro fallout of the high crude prices,” he said.
He added that the weakening of the global AI trade could be positive for India, noting that foreign portfolio investor outflows from South Korea and Taiwan in September and October so far had exceeded those from India.
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Sensex opens 400 points lower, Nifty below 22,500; Infosys down 3%
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