Market Live :Mild Recovery On Dalal Street But Sensex Still Below 34,000-Mark.


Both Sensex and Nifty made a nosedive in pre-opening sessions on Tuesday, a day after Wall Street’s record-breaking Monday loss. The benchmark BSE Sensex opened 1,002.65 points lower at 33,773.57 and Nifty traded 354.00 points .points lower at 10,312.50.MSCI’s broadest index of Asia-Pacific shares outside Japan slid 3.5 percent to a one-month low, which would be its biggest fall in more than a year and a half, a day after it had fallen 1.6 percent.Japan’s Nikkei tumbled as much as 5.6 per cent while Taiwan shares lost 5.3 per cent at one point.Australian shares dropped 3.0 percent to their lowest since October while South Korean shares fell 3.0per cent.Bitcoin was not spared from selling, hitting a 12-week low of USD 6,400. That represented a 67.5 percent fall from its record high of USD 19,666, touched on Dec. 17.Investors also dumped junk bonds, with the yield of Merrill Lynch US high yield index rising to 6.017 percent from 5.964 percent at the end of last week.Still, it was far below its 2016 peak just above 10 percent, when low oil prices hurt energy firms.Oil prices also dropped, with international benchmark Brent futures hitting a one-month low of $66.90 per barrel on Monday. It last stood at USD 67.02.US crude futures traded at USD 63.56 per barrel, down 0.8 percent in Asia.

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