Indian stock markets fell over 0.6 per cent in the opening session on Wednesday on fresh selling by funds and retail investors owing to negative global cues.
At 9.15 a.m., the 30-share BSE index Sensex was down 122.59 points (0.61 per cent) at 19,861.02 and the 50-share NSE index Nifty was down 40.8 points (0.69 per cent) at 5,887.60.
Most Asian stocks were down due to concerns that the US political impasse over increasing the debt ceiling may lead to a default and after the International Monetary Fund cut its global outlook.
The International Monetary Fund has cut its global outlook for this year and next year as capital outflows further weaken the emerging markets, and warned that a US Government default could “seriously damage” the world economy.
Japan's Nikkei rose 60.93 points or 0.44 per cent to 13,955.50, Hong Kong's Hang Seng fell 138.16 points or 0.6 per cent to 23,040.70 and Australia's S&P/ASX 200 was up 1.85 points or 0.04 per cent at 5,151.30.
At 9.15 a.m., the 30-share BSE index Sensex was down 122.59 points (0.61 per cent) at 19,861.02 and the 50-share NSE index Nifty was down 40.8 points (0.69 per cent) at 5,887.60.
Most Asian stocks were down due to concerns that the US political impasse over increasing the debt ceiling may lead to a default and after the International Monetary Fund cut its global outlook.
The International Monetary Fund has cut its global outlook for this year and next year as capital outflows further weaken the emerging markets, and warned that a US Government default could “seriously damage” the world economy.
Japan's Nikkei rose 60.93 points or 0.44 per cent to 13,955.50, Hong Kong's Hang Seng fell 138.16 points or 0.6 per cent to 23,040.70 and Australia's S&P/ASX 200 was up 1.85 points or 0.04 per cent at 5,151.30.
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