Sensex, Nifty open lower on US debt deal concerns

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Indian stocks opened lower on Wednesday after hitting five-month highs in three straight sessions, as caution kicked in ahead of the US Congress’ approval of the debt deal, while fresh concerns about China’s faltering economic recovery weighed on sentiment.

account Nifty 50 The index decreased by 0.26 percent, at 18,585.35, while the benchmark index decreased S&P BSE Sensex It lost 0.26 percent to 62,801.08 in early trade.