Sensex down 117 pts, Nifty hovers above 18,340

14 Nov 2022 , 01:34 PM

The headline equity indices were trading with minor losses in afternoon trade. Mixed global shares dented investors sentiment. The Nifty hovered above the 18,340 mark. Metal and IT stocks advanced while media and FMCG shares tumbled. At 13:25 IST, the barometer index, the S&P BSE Sensex, was down 116.91 points or 0.19% to 61,678.13. The Nifty 50 index lost 5.90 points or 0.03% to 18,343.80. Hindalco Industries (up 4.92%), Tata Motors (up 2.62%), Grasim Industries (up 2.48%), Apollo Hospitals Enterprise (up 2.38%) and Kotak Mahindra Bank (up 1.34%) were top Nifty gainers. Dr Reddys Laboratories (down 3.77%), Coal India (down 2.49%), ITC (down 2.10%), Hindustan Unilever (down 1.84%) and ICICI Bank (down 1.51%) were major Nifty losers. In the broader market, the S&P BSE Mid-Cap index shed 0.14% while the S&P BSE Small-Cap index gained 0.15%. The market breadth was negative. On the BSE, 1,670 shares rose and 1,858 shares fell. A total of 169 shares were unchanged. Economy: Indias industrial growth, as per the Index of Industrial Production (IIP), rose to 3.1% in September, data released on Friday showed. The growth was primarily owing to a rise in manufacturing and mining outputs. The IIP had grown 4.4% in September 2021. According to the government data, the output of the manufacturing sector rose 1.8% in September 2022 as against an 4.3% growth recorded in the year-ago period, as per latest data from the National Statistical Office (NSO). Global Markets: The Dow Jones index futures were down 74 points, indicating a negative opening in the US stocks today. European shares opened higher while Asian stocks settled on a mixed note on Monday. Investors cheered the US inflation reading, betting that the Federal Reserve would soon slow its aggressive tightening campaign. Later this week, Japan is slated to report figures for gross domestic product, trade and consumer inflation, while Indonesias central bank holds a monetary policy meeting. US stocks ended sharply higher on Friday amid continued optimism over cooler-than-expected US inflation print. Powered by Capital Market – Live News