Sensex, Nifty start on tepid note on weak global cues

Market benchmarks Sensex and Nifty started on a cautious note on Wednesday as weakness in global equities led by uncertainty over US-China trade deal and political unrest in Hong Kong kept investors on edge.

Mumbai: Market benchmarks Sensex and Nifty started on a cautious note on Wednesday as weakness in global equities led by uncertainty over US-China trade deal and political unrest in Hong Kong kept investors on edge.

Also Read: Rupee depreciates 8 paise against US dollar

After jumping over 100 points in opening session, the 30-share index pared gains to trade 19.98 points, or 0.05 per cent, higher at 40,365.06. Similarly, the broader NSE Nifty advanced 9.40 points, or 0.07 per cent, to 11,922.85.

Market is now awaiting cues from consumer price inflation data, which is scheduled to be released later in the day.

Also Read: Sensex falls over 100 pts; Sun Pharma rallies 5 pc

On the currency front, the rupee also depreciated 19 paise (intra-day) against the US dollar to trade at 71.66 in early session.(PTI)