Last Updated: September 26, 2022, 09:20 IST
The Sensex and Nifty benchmark indices had a gap-down start
Sensex Today: The Sensex and Nifty benchmark indices had a gap-down start on Monday amid a slump in rupee and rising recession fears.
Sensex Today: The Sensex and Nifty benchmark indices had a gap-down start on Monday amid a slump in rupee and rising recession fears.
Global Cues
Asian stocks started the final week of the quarter on the slide on Monday, while the dollar stood ascendant, as the prospect of high interest rates and poor growth shook markets.
Tokyo stocks opened lower Monday after a long weekend that saw global selloffs, with investors expected to stay “risk-off” for some time.
Wall Street’s main indexes slumped to close well down on Friday, as rattled investors continued repositioning themselves to reflect fears the U.S. Federal Reserve’s hawkish rate policy to curb inflation will push the American economy into recession.
Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand.
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