Equity indices in red on weak IMF outlook, global cues

Gallery

MORE...

Sports

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

Indian men's hockey team captain Harmanpreet Singh has been named Player of the Year 2024

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow

FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant

MORE...

Equity indices in red on weak IMF outlook, global cues

Last Updated : 25 Jun 2020 02:10:24 PM IST

File photo

The key Indian equity indices traded in the negative territory on Thursday morning tracking a similar trend in the global markets.

Stocks were weighed down after the International Monetary Fund (IMF) revised the global and Indian economic outlook on Wednesday.

COVID-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, said IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

The indices, however, pared major losses after a gap-up opening.

At 10.25 a.m., Sensex was trading at 34,802.22, lower by 66.76 or 0.19 per cent from the previous close of 34,868.98. It opened at 34,525.39 and has touched an intra-day high of 34,828.58 and a low of 34,499.78.

The Nifty50 on the National Stock Exchange was trading lower by 10,293.80, lower by 11.50 points or 0.11 per cent.