Benchmark Indices opened on weak note as tensions over North Korea’s latest nuclear test showed few signs of abating and continued to spook global investors. Effect was also seen from lower Wall Street on Tuesday as well as declines in Asia on Wednesday. However, markets recouped nearly half of morning losses and headed higher but closed in negative terrain. Pharma, FMCG and PSU Banks were some of the indices which contributed for losses.
Global Markets Update
Nissan Motor Co Ltd launched a revamped version of its Leaf electric vehicle on Wednesday, going head-to-head with Tesla Inc’s Model 3 and hoping to beat off criticism of limited driving ranges dulling EVs’ mass-market appeal.
Asian shares fell on Wednesday as tension on the Korean peninsula weighed on sentiment. Japan’s 225 fell 0.17%, while South Korea’s Kospi dipped 0.35%.
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