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Stock impact report

Nifty, Sensex fall in line with Asia; metals falter [Reuters]

Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL) 
Company Research Source: Reuters
Nifty, Sensex fall in line with Asia; metals falter | Reuters 3 Min Read (Reuters) - Indian shares edged lower on Wednesday tracking broader Asian markets, after Wall Street’s tumble due to a sharp fall in long-term U.S. Treasury yields and resurgent trade concerns sparked worries about global economic growth. Global equities have been shaken as a flattening U.S. Treasury yield curve fans worries about a recession, and on growing doubts that Washington and Beijing will be able to clinch a substantive trade deal during a temporary cease-fire agreed at the weekend. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5 percent. Domestic investors also remained cautious ahead of outcome of the central bank’s monetary policy meeting later in the day, with analysts and economists expecting it to leave interest rates unchanged to support the economy. A Reuters poll of 70 economists predicted the Reserve Bank of India’s monetary policy committee would hold its repo rate steady t Show less Read more
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