Stock Market India: Sensex, Nifty open in the red Indian equity benchmarks fell on Thursday ahead of key US inflation data, tracking a sea of red in global stocks driven by a fall in market sentiment as investors were spooked by by the potential failure of a top crypto exchange.
The BSE Sensex index fell 327.34 points to 60,706.21, and the broader NSE Nifty opened in the red, down 0.57 per cent to 18,052.65.
With no clear direction from the US mid-term elections, investors were focusing on the US inflation data later in the day, in which a significant increase would probably support the Federal Reserve's vigorous push to tighten monetary policy.
Overnight, the US equities witnessed a major sell-off as investors resorted to panic selling as the mid-term election results still remained undecided," said Prashanth Tapse, Senior Vice President for Research at Mehta Equities.
Shares fell overnight on Wall Street as Republican victories in the midterm elections were more restrained than some had anticipated.
That hurt market sentiment for risk assets.

Source - NDTV
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