Key indices edges lower in early trade; Nifty holds 8200: Key benchmark indices edged lower amid initial volatility as weakness Asian stocks and data showing after market hours on Friday, 12 December 2014, that index of industrial production (IIP) declined, at a sharpest pace in three-years in October 2014 may weigh on investor sentiment.
At 9:45 AM, the S&P BSE Sensex is trading at 27,295 down 55 points, while NSE Nifty is trading at 8210 down 14 points. The Mid-cap index was down 0.50% and Small-cap Index was also trading down at 1.00%. The market breadth indicating the overall health of the market was weak. The Indian rupee declined in the opening trade. It has slipped by 21 paise at 62.50 per dollar against 62.29 Friday. The dollar cut its losses against the euro, extended gains against the yen and reached an 11-year high against the Norwegian Crown on plunging oil prices.
Finance Minister Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) that his ministry officials said is as close as it has ever been, says a report.
At 9:45 AM, the S&P BSE Sensex is trading at 27,295 down 55 points, while NSE Nifty is trading at 8210 down 14 points. The Mid-cap index was down 0.50% and Small-cap Index was also trading down at 1.00%. The market breadth indicating the overall health of the market was weak. The Indian rupee declined in the opening trade. It has slipped by 21 paise at 62.50 per dollar against 62.29 Friday. The dollar cut its losses against the euro, extended gains against the yen and reached an 11-year high against the Norwegian Crown on plunging oil prices.
Finance Minister Arun Jaitley will hold discussions with state finance ministers over the next two days in a determined bid to seal a deal on goods & services tax (GST) that his ministry officials said is as close as it has ever been, says a report.
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