Sensex Today | Share Market Live Updates: Gift Nifty signals weak start for Sensex, Nifty; Asian shares mixed
Sensex Today | Share Market Live Updates: Domestic equity markets are poised for a cautious opening on Wednesday amid mixed signals from global markets. Gift Nifty indicated a negative opening for the benchmark indices, trading around 21,577.5 down 25 points.Stocks in Asia opened mixed after US benchmarks struggled, with shares rising in Japan. Stocks in Australia and South Korea edged lower.
Wall Street drifted through a quiet day of mixed trading Tuesday, where most stocks fell but a handful of influential companies kept the losses in check.Markets are focussing on the crucial US inflation report later in the week, which could shed light on the Federal Reserve's rate cut timing. Back home, investors are eyeing key economic indicators like retail inflation and factory production data as well as corporate earnings of IT majors TCS, Infosys and Wipro later this week.On Tuesday, the Sensex ended slightly higher by 31 points at 71,386.21, while the Nifty 50 rose by 32 points to 21,544.85. Ratings agency Moody's Investors Service has downgraded Vedanta Resources' rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3.
The credit rating agency also downgraded the Corporate Family Rating of Vedanta Resources to Caa3 from Caa2.Gold prices held steady on Wednesday, as investors refused to make big bets ahead of a key U.S. inflation print that could offer more clarity on when the Federal Reserve might begin cutting interest rates. Spot gold rose 0.1% to $2,031.30 per ounce, while U.S.
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