Mumbai (Maharashtra) [India], September 24 (ANI): The Indian stock market opened on a weak note on Wednesday, extending its losing streak and marking 12 consecutive months of negative returns. Both benchmark indices started the day in the red as global and domestic headwinds continued to weigh on investor sentiment.
The Nifty 50 index opened at 25,108.75, down by 60.75 points or 0.24 per cent, while the BSE Sensex slipped 184.45 points or 0.22 per cent to begin the session at 81,917.65.
Market experts highlighted that the momentum generated by the recent GST rate cuts has been overshadowed by rising concerns over the H1B visa issue, which is also seen as a drag on improving India-US trade relations.
Ajay Bagga, Banking and Market Expert, told ANI, "Asian markets are weak this mornin