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Sensex, Nifty trade flat amid weak global cues, economic data

Among Sensex stocks, YES Bank was up 2.2 per cent at Rs 74.60.

ETMarkets.com|
Updated: Nov 13, 2019, 10.17 AM IST
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Sensex slips 50 points, Nifty tests 11,900 amid weak global cues
Sensex slips 50 points, Nifty tests 11,900 amid weak global cues
NEW DELHI: Domestic equity market opened flat as traders awaited cues on the global front. Industrial production that come to an eight-year low also didn’t help D-Street.

As per the Index of Industrial Production (IIP), factory output contracted 4.3 per cent in September, the lowest in almost eight years in this series, which began April 2012 (with 2011-12 as the base year) and the lowest since October 2011.

BSE benchmark Sensex was up 35 points to 40,380 while its NSE counterpart was up 3.75 points to 11,917. There was no significant activity in broader markets as well. Nifty Smallcap was down 0.13 per cent to 5734 and Nifty Midcap was up 0.36 per cent at 16,872. Nifty 500 was up 0.19 per cent at 9,713.

Among sectoral indices on NSE, Nifty Media was the biggest loser, down 2.1 percent dragged by Sun TV that was down 6 percent and Dish TV that dived 3 per cent.

Nifty Pharma gained 0.67 per cent thanks to advances in Aurobindo Pharma and Lupin, up 4.3 and 2.51 per cent, respectively.

Among Sensex stocks, YES Bank was up 2.2 per cent at Rs 74.60 and TCS gained 1.86 per cent to Rs 2,138. Infosys was the biggest loser in 30-share pack, down 1.5 per cent.

Asian stocks and Wall Street futures fell on Wednesday, as growing worries that US-China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.01 per cent to the lowest in more than a week. Hong Kong shares slumped 1.8 per cent to a two-week low, battered by fears that anti-government protests appear to be spiralling out of control.

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Sensex, Nifty trade lower; Infosys slips 3%

Why is Sensex rallying despite poor health of the economy?

Sensex, Nifty open with gains; Infosys plunges

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