The market of stock may extend Tuesday's losses on weak Asian stocks. In Singapore trading of CNX Nifty futures exchange indicates that the Nifty could fall21.50 points at the opening bell. Asian stocks fell on Wednesday as oil dropped and emerging-market and commodity-linked currencies weakened amid concern that China's economy may be faltering.
On Wednesday Asian stocks fell on oil dropped and emerging-market and commodity-linked currencies weakened amid concern that China's economy may be inferiority. Key benchmark indices in Indonesia, Singapore, South Korea, Hong Kong, Taiwan, and Japan were down 0.34% to 2.17%. China's Shanghai compounded rose 0.22%.
Key benchmark indices edged lower amid initial volatility as weakness in Asian stocks weighed on sentiment adversely. The S&P BSE Sensex and barometer index was down 18.40 points or 0.08%, up about something 40 points from the day's low and off close to 50 points from the day's high. The market breadth, indicating the overall health of the market, was positive.
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