By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.11% or 20 points lower at 8:54 am on Wednesday, indicating a lower-to-muted opening on Dalal Street, as investors await the RBI’s monetary policy announcement in the day.
Major indices on Wall Street fell sharply on Tuesday amid resurging fears of the Fed aggressively raising interest rates, in addition to prospects of a looming recession.
Shares of Meta Platforms crashed almost 7% on reports of EU regulators ruling out that users are not required to agree to personalised ads based on their digital activity.
Stocks across Asian markets fell on Wednesday, following an intense overnight sell-off on Wall Street amid rising concerns of an upcoming recession.
Oil prices languished on Wednesday, hovering near a one-year low amid rising concerns over economic health in the US and prospects of higher interest rate hikes by the Federal Reserve.
Brent crude fell below $80/barrel for the second time in 2022, sliding to levels during the pre-Ukraine crisis.
Brent Futures traded at $79.33/barrel and WTI Futures fell to $74.17/barrel. Natural Gas Futures jumped 2.9%.
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