Sensex Today | Share Market Live Updates : Weak global peers, Gift Nifty indicate a slow start for Indian markets
Read the full story here.)Sensex Today Live : Indian stock markets were likely to open on a negative note, tracking falls in global peers as markets digested the risk of a longer wait for rate cuts by the US Federal Reserve.The Gift Nifty futures, at 22,455, at 7:56 am, were below Tuesday's Nifty 50 close of 22,453.30, indicating a slow start for Indian benchmarks.Asian shares tracked Wall Street lower on Wednesday as U.S. yields held near four-month highs, while a powerful earthquake in the region raised concerns about possible disruptions to the vital chip-making industry.Markets are also pondering the risk of slower rate cuts ahead of U.S.
data and an appearance by the world's most powerful central banker later in the day. Oil extended its ascent, while gold prices hit another a record high.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%.
Japan's Nikkei dropped 1%, after a 20% blockbuster rally in the first quarter.Taiwan's shares skidded 0.8% after a powerful earthquake with a magnitude of 7.2 rocked Taipei, the capital, sparking a tsunami warning for the islands of southern Japan and the Philippines.China's blue chips eased 0.3% while Hong Kong's Hang Seng index fell 0.6%, even as a private survey showed that the expansion in the services industry picked up pace in March.On Wall Street, a recent run of solid U.S. economic data - including an unexpected expansion in the manufacturing sector and the slow easing in the labour market - has stoked doubts about the amount of the Fed easing likely this year and next.
The three major Wall Street indexes fell about 0.7%-1%.Long-term Treasury yields climbed to multi-month highs overnight before paring some of the movements. The benchmark 10-year yield was
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