Stock Market Today: Sensex, Nifty set to open lower after cues from GIFT Nifty

Feb 14, 2024

Stock Market Today Live: Sensex and Nifty open in red (File Image)Stock Market Today Live: Sensex and Nifty open in red (File Image)

Share Market Today Live Updates: Indian benchmark indices BSE Sensex and Nifty 50 opened today’s trade by slipping over 0.5 per cent on global cues. The Indian rupee fell 4 paise against the US dollar.

Earlier, GFT Nifty indicated a gap down start for Indian indices Sensex and Nifty. GIFT traded 142.75 points, or 0.65 per cent lower at 21681.00.

Oil prices fell after a rise in US crude stocks and investors reining in expectation of interest rate cuts by the Federal Reserve. Brent oil price traded fell 0.24 per cent lower at 82.56 while US WTI oil inched 0.17 per cent lower at 77.74.

Asian markets inched lower on cues from global markets. An increase in US inflation set global markets on a downward trend.

The US CPI increased to 3.1% in January after a 3.4% advance in December. Dow Jones Industrial Average recorded its biggest decline since March 2023 to fall by 1,35 per cent at 38,272.75. S&P500 and NASDAQ fell 1.37 per cent and 1.80 per cent respectively at 4,953.17 and 16,655.50.

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First uploaded on: 14-02-2024 at 08:55 IST

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