The 30-share BSE Sensex plunged 184 points in mid-day trade but short covering in select stocks helped it recoup some losses in last couple of hours of trade. The index was lower by 97.62 points at 28,901.94 while the 50-share NSE Nifty slipped 22.60 points to 8924.30.
Tracking global cues as well as volatility on the domestic front, the market could see a weak opening on Thursday. Investors will be sitting on the fence ahead of the key exit polls data for assembly elections in five states that is set to release later on Thursday.
Trends on SGX Nifty indicate a weak opening, which it is down over half a percent. Asian markets have had a subdued start as traders are eyeing commodity prices. Japan’s Nikkei is up over 0.30 percent on the back of weakness in the yen against the dollar. The Korean market was trading marginally in the green, while the Singapore straits is higher almost half a percent.
In the US markets, Wall Street closed mostly lower as investors dealt with plunging oil prices and digested scorching ADP employment data. The Dow was lower by 0.30 percent, while the S&P 500 was down 0.23 percent.
In Europe, markets closed slightly higher as investors digested corporate earnings as well as fresh economic data from Germany and the UK. The key event to watch out here would be the European Central Bank (ECB) meet. It is widely expected to keep monetary policy on hold as it casts a cautious eye ahead of high-risk elections in the Netherlands and France.
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