The domestic stock markets have opened on a cautious note in the absence of any positive cues from the global front. The S&P 500 and Nasdaq indexes ended lower on Monday as tech shares weighed on equities in the quarter’s final week and stocks in Asia-Pacific largely declined as firms downgraded China’s GDP forecasts. At 9:18 am, the BSE Sensex was trading at 60,029.60, lower by 73.50 points or 0.12 percent and the NSE Nifty was at 17,843.20, down 13 points.
The broader markets are outperforming their large-cap peers, with the BSE Midcap index and BSE Smallcap index gaining around 0.2 percent each.
On the global front, the Dow Jones rose 0.21 percent to 34,869.37 overnight, while the S&P 500 lost 0.28 percent at 4,443.11; and the Nasdaq Composite dropped 0.52 percent to 14,969.97.
Stocks in Asia-Pacific largely declined in Tuesday morning trade, as various firms downgraded China’s GDP forecasts. South Korea’s Kospi slipped 0.81 percent. In Japan, the Nikkei 225 fell 0.72 percent while the Topix index shed 0.99 percent. The S&P/ASX 200 in Australia dipped 0.28 percent.
