The Indian benchmark indices are likely to open on a lower note today tracking negative global cues. Moreover, the lower-than-expected core sector data will also keep the investors on the sidelines. Posting slowest pace in the last four months, the core sector registered a growth of just 1.4 per cent in February.
In the overnight trading, US stocks ended lower as investors turned cautious of the mixed economic data. Most of the Asian markets were also trading in red on Wednesday at the end of the first quarter. Japan’s Nikkei 225 was at 19,035, down by 171 points; Taiwan Index was at 9,522, down by 64 points; and KOSPI was also trading down by 10 points at 2,030. Nevertheless, Hong Kong’s Hang Seng and China’s Shanghai Composite were trading in green, up by 112 and 32 points respectively in the early trading session.
In the overnight trading, US stocks ended lower as investors turned cautious of the mixed economic data. Most of the Asian markets were also trading in red on Wednesday at the end of the first quarter. Japan’s Nikkei 225 was at 19,035, down by 171 points; Taiwan Index was at 9,522, down by 64 points; and KOSPI was also trading down by 10 points at 2,030. Nevertheless, Hong Kong’s Hang Seng and China’s Shanghai Composite were trading in green, up by 112 and 32 points respectively in the early trading session.
