Sensex and Nifty staged a gap down opening on Thursday.
New Delhi:
The Indian equity benchmarks traded lower in opening deals on Thursday, taking cues from the global markets. Asian shares fell as investors weighed the latest developments in the Ukraine war and more hawkish comments from U.S. Federal Reserve officials. Rising crude oil prices — above $122 a barrel — also kept investors at the edge.
Russian President Vladimir Putin said Moscow planned to switch gas sales made to “unfriendly” countries to roubles, causing European gas prices to soar on concerns the move would exacerbate the region’s energy crunch.
U.S. Federal Reserve policymakers signalled more aggressive action to bring down unacceptably high inflation.
Back home, the 30-share BSE Sensex fell 360 points or 0.65 per cent to 57,325, while the broader NSE Nifty moved 107 points or 0.62 per cent down to 17,139 in early trade.
