India’s benchmark indexes open marginally higher

India’s benchmark indexes opened marginally higher on Wednesday, after hitting a more than seven-month low in the...
22 Jan, 2025

India’s benchmark indexes opened marginally higher on Wednesday, after hitting a more than seven-month low in the previous session on uncertainties over U.S. policy under President Donald Trump and worries over domestic corporate earnings.

The Nifty 50 was up 0.23% at 23,079.6 points as of 9:15 a.m. IST, while the BSE Sensex added 0.27% to 76,046.42.

Both the benchmarks lost about 1.5% each on Tuesday, closing at their lowest level since June 6, while volatility in Indian markets rose to the highest since early August.

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The Nifty is down about 12% from record highs hit on Sept. 27.

Eight of the 13 major sectors were marginally up at the open.

The broader, more domestically-ocussed smallcaps and midcaps fell 0.5% and 0.2%, respectively.

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