Indian shares dip on weak global cues; autos, FMCG stocks slide December 20, 2022 Indian stocks fell due to weak global indicators; Automotive, FMCG stock segment<br /> December 20, 2022 Creation time: 09:00 am Last updated: 09:00 AM Views: 37 Bengaluru, Dec. 20 (BNA): Indian stocks opened lower on Tuesday as fears of a recession in the United States and an increase in COVID-19 cases in China offset optimism about easing strict restrictions on the pandemic. The Nifty 50 is down 0.54%, at 18,317.75, as of 09:20 AM IST, and the S&P BSE Sensex opened down 0.57%, at 61,456. Except for Adani Enterprises and State Bank of India (SBI.NS), all the other 48 components of the Nifty 50 posted losses. All major sectoral indices declined with consumer prices, information technology and metals stocks dropping more than 0.5%. Stocks on Wall Street extended losses for the fourth consecutive day as risk-off sentiment prevailed in the pre-holiday week. Reuters reports that investors are awaiting key macroeconomic data due later this week – home construction, existing home sales, consumer spending and inflation – for clues as to the impact of Fed policy. Asian markets fell on weak indicators, such as rising new COVID-19 cases in China and weak macroeconomic indicators, with MSCI Asia excluding Japan declining by 0.54%. Business confidence in China has fallen to its lowest level in nearly a decade. EAE Source link Related READ MORE Asia stocks ease after Powell testimony; spotlight on BoE
December 20, 2022 Creation time: 09:00 am Last updated: 09:00 AM Views: 37 Bengaluru, Dec. 20 (BNA): Indian stocks opened lower on Tuesday as fears of a recession in the United States and an increase in COVID-19 cases in China offset optimism about easing strict restrictions on the pandemic. The Nifty 50 is down 0.54%, at 18,317.75, as of 09:20 AM IST, and the S&P BSE Sensex opened down 0.57%, at 61,456. Except for Adani Enterprises and State Bank of India (SBI.NS), all the other 48 components of the Nifty 50 posted losses. All major sectoral indices declined with consumer prices, information technology and metals stocks dropping more than 0.5%. Stocks on Wall Street extended losses for the fourth consecutive day as risk-off sentiment prevailed in the pre-holiday week. Reuters reports that investors are awaiting key macroeconomic data due later this week – home construction, existing home sales, consumer spending and inflation – for clues as to the impact of Fed policy. Asian markets fell on weak indicators, such as rising new COVID-19 cases in China and weak macroeconomic indicators, with MSCI Asia excluding Japan declining by 0.54%. Business confidence in China has fallen to its lowest level in nearly a decade. EAE
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