Asia Market Open: Nikkei Falls On Japan Data; CSI 300 Jumps 10%
Indices in Asia opened lower on Tuesday, taking cues from an overnight decline on Wall Street and Japan's pay. China's CSI 300 surged 10% after a week-long holiday.
At 7:17 a.m., CSI 300 was at 4,284.18, up by 266.32 points or 6.63%, while Japan's Nikkei was 0.7% lower and South Korea's Kospi fell 0.8%.
GIFT Nifty Trades Below 24,900; BEL, Puravankara, Tata Motors, ICICI Bank Shares In Focus
The GIFT Nifty was at 24,859.50 down by 28.5 pts or 0.1% as of 06:46 a.m. Share prices of Ola Electric Mobility Ltd., Bharat Electronics Ltd, Puravankara Ltd., Tata Motors, along with Sobha Realty will be in focus among others tracking news flow.
On Monday, India's benchmark stock indices closed lower for the sixth straight day, shedding over 5% to over one-month low on Monday, led by losses in HDFC Bank Ltd., Reliance Industries Ltd. and Axis Bank Ltd. This was its worst six-day decline since March 2022. The state election results kept the market jittery.
The Nifty 50 ended 218.85 points or 0.87% lower at 24,795.75, and the Sensex closed 638.45 points or 0.78% lower at 81,050.00.
Overseas investors stayed net sellers of Indian equities for the sixth straight day on Monday, while domestic institutional investors record the highest single-day buying so far in 2024.
Foreign portfolio investors offloaded stocks worth Rs 8,293.41 crore, according to provisional data from the National Stock Exchange. This is the eighth highest single-day sales by the FPIs so far this year.
The Indian rupee closed flat at 83.98 against the US dollar.
Nifty, Sensex Close At Over One-Month Low As HDFC Bank, RIL Share Prices Drag: Market Wrap . Read more on Markets by NDTV Profit.