Sensex, Nifty Open Flat Amid Weakness In Global Markets

Asian shares were weak in early trade; FTSE China A50 futures in Singapore were down 0.85 per cent and Japan's Nikkei fell 1.86 per cent.

Sensex, Nifty Open Flat Amid Weakness In Global Markets

The Nifty futures were trading at 8,526 on the Singaporean Exchange around 07:30 hours IST.

Domestic stock markets started Wednesday's session on a flat note amid weakness in global peers, as India entered an eighth day of a 21-day lockdown to curb the spread of the deadly coronavirus pandemic. The S&P BSE Sensex index opened 36.84 points higher at 29,505.33, and the broader NSE Nifty 50 benchmark started the day at 8,584.10, down 13.65 points from the previous close. 

Equities elsewhere in Asia faced another leg lower on Wednesday as the coronavirus continued to threaten global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002.

Japan's Nikkei fell 1.86 per cent in early trade.

Overnight in the US, the Dow Jones industrial average registered its biggest quarterly decline since 1987, and the S&P 500 suffered its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.

The Dow Jones ended 1.84 per cent lower, while the S&P 500 and Nasdaq Composite indices shed 1.60 per cent and 0.95 per cent respectively.

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