Mumbai: Benchmark stock indices trade lower in early trade on Thursday. The NSE opened at 18,268.90 while the BSE opened at 61,706.13. Currently, the BSE is trading at 61,669.61 while the NSE is trading at 18,260.45. On Wednesday, the NSE closed at 18,285.40 while the BSE closed at 61,773.78.
As per the BSE live data, only 8 scrips are trading on a positive note while 22 scrips are trading on a negative note. On NSE, 20 stocks are in the green zone while the other 10 stocks are trading lower. From the Sensex pack, Powergrid, Kotak Bank, Asian Paints are trading in the green zone. NTPC, SBI, and HDFC are trading in the red zone.
On Thursday, stock markets in Asia dropped to the lowest level they have been in two months. At the same time, the value of the US dollar increased. This happened because there is a deadlock in the discussions to increase the limit on the amount of debt the US government can have. This situation makes investors worried about taking risks with their money because if the US government cannot pay its debts, it could harm the global economy.
The broadest index of Asia-Pacific shares outside Japan, as measured by MSCI, dropped by 0.56 percent to reach its lowest point in two months at 505.35. Australia's S&P/ASX 200 index also declined by 0.78 percent. However, Japan's Nikkei stood out in the region, showing a gain of 0.32 percent.
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