Weak global cues and macro data weigh on the investor sentiment
Markets started the day on a negative note tracking weak global cues and feeble macro data in the form of weaker-than-expected September IIP and double digit consumer price inflation which weighed on the investor sentiment.
The Sensex was down 33 points at 20,248 and the Nifty was hovering around the 6,000 mark.
In the broader markets, the midcap index was down 0.3% and the smallcap index was flat with a positive bias.
Stocks in Asia slipped tracking losses on Wall Street amid uncertainty when the US Fed might start pruning its monetary stimulus measures. Stocks in Japan witnessed profit after sharp gains yesterday. The Nikkei was down 0.5% while the Straits Times was down 0.1%. China's Shanghai Composite was down 0.8% while Hang Seng was down 1.3%.
Stocks on Wall Street ended marginally lower on Tuesday amid profit taking after recent gains which pushed the Dow Jones to a record closing highs. Further, the timing of the US Fed eainvestors adopted a cautious stance as when the US Fed may start withdrawing its bond buying programme.
The Dow Jones industrial average ended down 32 points, or 0.2%, to end at 15,750.67. The Standard & Poor's 500 Index closed 4 points, or 0.2% lower, at 1,767.69. However, the Nasdaq Composite Index ended flat nearly unchanged at 3,920.21.
The Sensex was down 33 points at 20,248 and the Nifty was hovering around the 6,000 mark.
In the broader markets, the midcap index was down 0.3% and the smallcap index was flat with a positive bias.
Stocks in Asia slipped tracking losses on Wall Street amid uncertainty when the US Fed might start pruning its monetary stimulus measures. Stocks in Japan witnessed profit after sharp gains yesterday. The Nikkei was down 0.5% while the Straits Times was down 0.1%. China's Shanghai Composite was down 0.8% while Hang Seng was down 1.3%.
Stocks on Wall Street ended marginally lower on Tuesday amid profit taking after recent gains which pushed the Dow Jones to a record closing highs. Further, the timing of the US Fed eainvestors adopted a cautious stance as when the US Fed may start withdrawing its bond buying programme.
The Dow Jones industrial average ended down 32 points, or 0.2%, to end at 15,750.67. The Standard & Poor's 500 Index closed 4 points, or 0.2% lower, at 1,767.69. However, the Nasdaq Composite Index ended flat nearly unchanged at 3,920.21.
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