News

Market report- Benchmark indices begin on a soft note

A deepening selloff in Asian semiconductor stocks, elevated global bond yields and Brent crude above $91 a barrel keep sentiment in check despite renewed institutional interest. At 9:20 AM on August 19, the Nifty was down ~0.16% at 24,115, while the Sensex declined around 0.13% to trade at 77,130.

Rupee Check
The Rupee opens marginally lower at 95.70, compared with Friday’s close of 95.68

Global Update
Asian equities fell sharply on Wednesday as the global semiconductor selloff intensified. South Korea's Kospi plunged as much as 6.8%, Japan's Topix declined 2.3%, while Nikkei 225 futures fell 2.5%.
US stocks declined for a third consecutive session on Tuesday, with semiconductor shares leading losses. The Nasdaq Composite dropped 1.33%, while the S&P 500 fell 0.69%.