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Sensex Gains 100 pts at Open, Nifty Above 17,000; Key Points

Last Updated: October 12, 2022, 09:20 IST

Sensex and Nifty indices opened higher on Wednesday

Sensex Today: The domestic equity markets on Wednesday opened firmly amid mixed global cues and falling crude oil prices.

Sensex Today: The domestic equity markets on Wednesday opened firmly amid mixed global cues and falling crude oil prices.

Global Cues

Asian stocks stayed at two-year lows on Wednesday, after a strengthening U.S. dollar, instability in the U.K. bond market, and forthcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors.

Tokyo stocks opened lower on Wednesday after a mixed close on Wall Street following the IMF’s downcast economic outlook, with investors remaining cautious about the impact of inflation. The benchmark Nikkei 225 index was down 0.08 percent, or 21.21 points, at 26,380.04 in early trade, while the broader Topix index slipped 0.16 percent, or 2.93 points, to 1,868.31.

The S&P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country’s bond market for just three more days adding to market jitters.

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China.

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