Markets open flat; media stocks slip

All sectoral indices traded flat to positive, except Nifty Media which was down by over 2% led by DishTV and SunTV.

Nov 13, 2019 03:11 IST India Infoline News Service

National Stock Exchange

Indian benchmark indices on Wednesday opened flat with the Nifty just above the 11,900 mark. The Sensex fell 23 points to 40,321. (9.20AM)

All sectoral indices traded flat to positive, except Nifty Media which was down by over 2% led by DishTV and SunTV.

Nifty Pharma was the top outperformer followed by Nifty Metal.

Britannia Industries, Yes Bank, Coal India, TCS, and Wipro, were among the top gainers on the indices, while Infosys, Zee Entertainment, Hindalco, and Gail were the top losers.

India's September IIP contracted 4.3% yoy.

Meanwhile, companies such as Cadila Healthcare, IRCTC, BHEL, and HUDCO will announce their Q2 results today with earnings season drawing to a close.

The Indian rupee opened lower by 29 paise at 71.75/$ vs. Monday's close of 71.46/$.

Asian stocks slipped as investors doubted that the trade deal would be signed anytime soon after Trump's Economic Club speech.

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