Sensex trades lower on mixed global cues
Indian equity indices were trading in the red on Wednesday iny market trends following mixed cues from Asian markets.
Indian equity indices were trading in the red on Wednesday iny market trends following mixed cues from Asian markets.
Global food protectionism is likely to see a new chapter being written this year as India, which in recent years had emerged as a significant sugar exporter, braces for a drop in production. Already, the government has capped exports for the ongoing production cycle at 6.1 million tonnes, and global sugar prices have seen a surge in recent days.
The virus has claimed more than 2,200 lives and has infected over 75,000 people, mostly in China, and spread panic around the world.
The benchmark Sensex fell up to 450 points. The Nifty50 of the National Stock Exchange (NSE) opened at 11,605.80 after closing at 11,712.25 on Friday.
The BSE benchmark Sensex Tuesday rallied over 300 points tracking positive cues from other Asian markets amid heavy buying by domestic institutional investors.
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Tracking positive Asian and European equity markets, domestic bourses extended last week’s gains and closed Monday’s trading session on a…
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