Indian markets opened the session on Friday marginally in the red on sustained selling by funds and retail investors in select stocks owing to weak Asian cues.
At 9.15 a.m., the 30-share BSE index Sensex was down 30.42 points (0.16 per cent) at 18,688.87 and the 50-share NSE index Nifty was down 23.4 points (0.41 per cent) at 5,632.50.
Asian stocks hit a fresh 9-1/2-month low, with the regional benchmark index heading for its biggest two-day decline since September 2011, amid concern that the Federal Reserve will reduce stimulus and China’s economic slowdown may deepen as a cash crunch worsens.
Japan’s Nikkei 225 was down 62.13 points or 0.48 per cent at 12,952.45 and Hong Kong’s Hang Seng plunged 309.45 points or 1.52 per cent to 20,073.42.
Fed Chairman Ben Bernanke had said on Wednesday that the central bank will stop its $85-billion monthly bond-buying programme later this year as the economy has improved. But he also said that Fed will withold from tapering if the economic conditions deteriorate.
At 9.15 a.m., the 30-share BSE index Sensex was down 30.42 points (0.16 per cent) at 18,688.87 and the 50-share NSE index Nifty was down 23.4 points (0.41 per cent) at 5,632.50.Asian stocks hit a fresh 9-1/2-month low, with the regional benchmark index heading for its biggest two-day decline since September 2011, amid concern that the Federal Reserve will reduce stimulus and China’s economic slowdown may deepen as a cash crunch worsens.
Japan’s Nikkei 225 was down 62.13 points or 0.48 per cent at 12,952.45 and Hong Kong’s Hang Seng plunged 309.45 points or 1.52 per cent to 20,073.42.
Fed Chairman Ben Bernanke had said on Wednesday that the central bank will stop its $85-billion monthly bond-buying programme later this year as the economy has improved. But he also said that Fed will withold from tapering if the economic conditions deteriorate.
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