Sensex, Nifty Marginally Higher In Lackluster Trade
(RTTNews) - Indian shares were modestly higher in early trade on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
Indian health authorities have dismissed fears of a major Covid-19 resurgence despite a fresh wave sweeping parts of Asia, particularly Singapore and Hong Kong.
The benchmark 30-share BSE Sensex was up 105 points, or 0.1 percent, at 81,291 after falling over 1 percent in the previous session. The broader NSE Nifty index edged up by 27 points, or 0.1 percent, to 24,710.
The upside was limited by an uptick in U.S. Treasury yields, with a Federal Reserve official warning that policy uncertainty will have a 'meaningful' impact on the economic outlook.
Sun Pharma rose nearly 2 percent while Nestle India, Hindustan Unilever, HDFC Bank and ICICI Bank all were up around half a percent.
On the losing side, IndusInd Bank and Eternal fell over 1 percent each.
European Shares Slide As Inflation Accelerates
Pound Slides Against Majors
FTSE Edges Lower As Yields Jump On Debt Concerns
CAC 40 Marginally Higher With French Politics In Focus
DAX Drifts Lower Ahead Of Key Inflation Data
Yen Slides Amid BoJ Rate Hike Uncertainty
Asian Shares Give Up Early Gains To End Mixed
