Chennai, India (BBN) – The benchmark BSE Sensex declined over 60 points and Nifty50 fell to 10,314.70 in the opening trade as traders remained wary ahead of September quarter GDP data and November derivatives later today.
At 9.30 a.m., the 30-share BSE index Sensex was down 168.95 points or 0.5 per cent at 33,433.81 and the 50-share NSE index Nifty was down 57.85 points or 0.56 per cent at 10,303.45, reports The Hindu Business Line.
Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some see as a healthy correction after a strong rally but others believe may herald the peak of a “super cycle” that has been boosting the sector.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.5 per cent, with technology bellwether Samsung Electronics falling 2.9 per cent to two-month lows. Japan’s Nikkei dipped 0.1 per cent, led by a 2.0 per cent fall in electronic machinery makers.
In the US, the Nasdaq Composite dropped 1.27 per cent as investors shifted to financials and other sectors even as the S&P 500 was almost flat and the Dow Jones Industrial Average gained 0.44 per cent.