Mumbai, India (BBN) – The Nifty and the Sensex opened and traded negative after markets reacted to the change in immigration policy announced by the US President Donald Trump.
The Nifty opened five points down at 8,636, while the Sensex opened 15 points down at 27,867, reports The Hindu Business Line.
At 10:00 am, the 30-share BSE index Sensex was down 5.56 points or 0.02 per cent at 27,876.90 and the 50-share NSE index Nifty was down 2.15 points or 0.02 per cent at 8,639.10.
A report by IFA Global said: “Asian stock markets are trading in the red, with Hang Seng index trading lower by 13 points and Nikkei index is trading lower by 144 points as investors eye the international backlash against US President Donald Trump’s immigration policy, which has added pressure on the dollar.
US stock markets closed on a mixed note.
The Dow Jones Industrial Average closed lower by 7 points and Nasdaq index closed higher by 5 points.
US equities closed on a mixed note after US President Donald Trump on Friday introduced immigration curbs that sparked a backlash in the United States and abroad. European stock markets closed on a flat note, with FTSE closed higher by 23 points and CAC lower by 27 points.
European markets ended the day lower after strong gains earlier this week, with investors digesting corporate earnings and fluctuations in currency markets.”
All sectoral indices barring FMCG, Pharma and Realty were tradingin the red. Volatility was up 2.95 per cent with the India Vix quoting at 16.4775.