Nifty opens in red on weak global cues

[epicresearch]

The benchmark index Nifty opens below 4900 mark on weak global cues. Markets across Asia opened in red today with Nikkei and Kospi down nearly 2%. US markets ended sharply lower yesterday, wiping out all of the previous session’s gains, so about a 1.5% gone on all three indices.

The Sensex was down 153.91 points or 0.94% at 16158.24, and the Nifty was down 44.65 points or 0.90% at 4906.10. About 309 shares have advanced, 480 shares declined, and 2635 shares remain unchanged.