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Sensex Recovers Early Loss, Nifty In Red Yet

Indian benchmark indices opened marginally lower on today, 1st June 2017 as because most of the Asian stocks also opened lower today following a subdued lead from Wall Street, while the dollar pulled up from near two-week lows and sterling languished under the weight of political fears one week before Britain’s election.

The benchmark Sensex opened 28 points down at 31,117.09 points while the broader Nifty 50 maintains to open above 9,600 but down 17 points at 9,603.55 points in the opening trade.

Overnight, Wall Street closed slightly lower as financials lost ground after JPMorgan and Bank of America warned of revenue weakness in the current quarter, but gains in defensive plays offset the decline. All three major US indexes ended May in positive territory. The dollar gained after touching a near two-week low against the yen overnight. It was up 0.2 percent from its previous close at 110.95, its first positive session in five, but concerns about US politics capped gains.

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