Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 28 december

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic indices NSE Nifty and BSE Sensex open lower amid negative global cues. NSE Nifty dropped to open at 18,084, giving up the 18,100 level while Sensex lost 100 points to trade at 60,825. The broader markets also trade with cuts barring Nifty Microcap 250, which outperforms to trade 0.1% higher. Sectorally, all indices trade flat to negative with Nifty IT falling 0.72% and Nifty PSU Bank trading lower by 0.5%. The market’s sentiment was dampened by the fall in US stocks overnight and the lackluster performance of Asia-Pacific markets.

“The good news is that inflation subsides as China reprises its role as a supplier of low-cost goods globally and supply chain bottlenecks ease. Still, the bad news is as growth accelerates through Q1, China’s insatiable demand for raw materials and all things energy will push up prices of those commodities, much of to the consternation of the Fed and ECB. The 10-year US Treasury yield rose to 3.857% on Tuesday, the highest level in over a month; while the yield on the 2-year Treasury advanced to 4.408%. Stocks in Asia fell Wednesday after US shares dropped and Treasury yields rose on concern that relaxing pandemic measures in China will add further inflation to the global economy,” Deepak Jasani, Head of Retail Research, HDFC Securities.

Live Updates