Stock market opening: Sensex over 400 points up, Nifty also in green
India, Oct. 15 -- Sensex and Nifty opened in green on Thursday, tracking Asian peers, after a faster-than-expected rise in US consumer price inflation raised expectations of another Federal Reserve rate hike this year.
Higher US interest rates make emerging markets such as India less attractive to foreign investors, who have already sold Indian stocks for 14 consecutive sessions through Wednesday, taking year-to-date outflows to a record $32.7 billion.
GIFT Nifty futures stood at 22,606.5 at 7:52 a.m. IST, signalling a weak start for the benchmark Nifty 50, which closed at 22,622.7 on Wednesday.
The benchmark stock indices closed lower on Wednesday amid profit-taking after a sharp rally in the previous session, as a spike in wholesale ...
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