Key benchmark indices are trading lower in early trade as trading resumed after a local holiday. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 184.42 points or 0.38% at 48,163.17. The Nifty 50 index was down 59.85 points or 0.42% at 14,179.05. Asian stocks are trading mixed.
The S&P BSE Mid-Cap index was off 0.66%. The S&P BSE Small-Cap index was down 0.61%.
The market breadth, indicating the overall health of the market, is weak. On the BSE, 695 shares rose and 1183 shares fell. A total of 95 shares were unchanged.
World Economic Outlook:
In its latest World Economic Outlook published Tuesday, the IMF now expects the global economy to grow 5.5% this year. That s a 0.3 percentage point increase from October s forecasts. Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens, IMF said.