By 5paisa 07 Mar 2025
Profit booking pressures heavy sectors like IT and financials, causing minor declines in Nifty and Sensex. However, Reliance Industries' gains help limit the fall.
Indian benchmark indices open with cuts, as profit booking in financials and IT stocks weigh on performance. Gains in Reliance Industries provide some support.
Global markets slide, with the US Nasdaq entering correction territory. Other major US indices also end in the red. Asian markets follow suit, with Japan's Nikkei hit hardest.
Global financial markets face turbulence as US tariff concerns rise. Uncertainty grows over the future of US economic growth amidst trade policy shifts.
Ahead of the US nonfarm payrolls report, markets show risk aversion, as investors await data to gauge the health of the US labor market and the broader economy
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