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Sensex closed 290.36 points higher on Wednesday. Photo: AP
Sensex closed 290.36 points higher on Wednesday. Photo: AP

Indian stocks seen under pressure; SGX Nifty in the red

  • Asian stocks and US and European equity futures saw modest declines after the Federal Reserve painted a long road ahead for repairing the economic damage from covid-19
  • Singapore's SGX Nifty slipped 0.5% indicating a weak opening for Indian stocks

Welcome to the Mint live blog. Track this space for latest stock market updates.

11 Jun 2020, 08:34:46 AM IST

Stocks slip after sobering Fed

Asian stocks and US and European equity futures saw modest declines after the Federal Reserve painted a long road ahead for repairing the economic damage from covid-19, a contrast with the V-shaped recovery optimism that’s propelled global equities.


Singapore's SGX Nifty slipped 0.5% indicating a weak opening for Indian stocks.

Japan’s Topix Index fell 0.9%.

Shanghai Composite dipped 0.1%.

Australia’s S&P/ASX 200 Index lost 2.1%.

Kospi Index slid 0.1%.

Hang Seng Index retreated 0.4%.

11 Jun 2020, 08:34:47 AM IST

US stocks end lower

The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year.

The Dow Jones Industrial Average fell 282.31 points, or 1.04%, to 26,989.99, the S&P 500 lost 17.04 points, or 0.53%, to 3,190.14 and the Nasdaq Composite added 66.59 points, or 0.67%, to 10,020.35.

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