Live: SGX Nifty Indicates Negative Start; GCPL\, Biocon\, Mphasis In Focus

Live: SGX Nifty Indicates Negative Start; GCPL, Biocon, Mphasis In Focus
The Bombay Stock Exchange (BSE) building stands in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Live: SGX Nifty Indicates Negative Start; GCPL, Biocon, Mphasis In Focus

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How Did The Fund Flows Fare On Wednesday

A Check On Indian ADRs

U.S. Markets On Wednesday

  • Benchmark indices fall to a three-week low
  • S&P 500 falls briefly below 2,800 mark, a level previously acting as a support
  • The S&P 500 is heading for its worst week in two months
  • Goldman Sachs economists believe unemployment rate will peak at 25 percent
  • Investor David Tepper called the stock market the most overvalud ever outside the 1999 bubble
  • Fed Chair Jerome Powell says negative interest rates are not being considered although he did not completely rule out the move.
  • Yield on the 10-year treasury fell two basis points while oil prices ended 1 percent lower.

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