Indian markets open on a jittery note. Thanks to China!
Advertisement
Advertisement
Trading was stopped in Chinese equity markets after the main index slumped another 5 percent in trade, prompting authorities to shut exchanges for a while and for the panic to seep out of the system.
Meanwhile, in India, the Nifty fell to 8,417 in early deals. Traders are likely to remain fence sitters for the first hour of trade to see whether the fall in Chinese equities has been digested by local markets or not. The Nifty was trading 1 percent lower at 8,426 by 9.40 am.
Meanwhile, there was a move towards defensives as Hind Unilever, Cipla and
The
Advertisement
(image credits: globalgujaratnews)
Advertisement
- India's steel demand boom to continue, set to grow at 10% over next few years: Steel Secretary
- Brewing brilliance: 5 essential tips for cold brew success
- 10 food items that can help you prevent suffering heat stroke
- Google Wallet launched in India – store your loyalty cards, boarding passes and more
- AstraZeneca continues to face legal action even after withdrawing its COVID vaccine! Know all about it here