Nifty ended on a positive territory on Wednesday with the broader Nifty50 index closing at 11,604-mark, up 16 points or 0.14 per cent. In the broader market, the S&P BSE mid-cap index settled 12 points, or 0.08 per cent, lower at 14,395 level. The S&P BSE small-cap index, on the other hand, closed 33 points, or 0.25 per cent, higher at 13,223 level. Sectorally, Nifty Auto and PSU Bank indices ended the day as top gainers, up between 1.3 to 1.8 per cent. On the downside, Nifty Media index slipped the most, down 1.3 per cent. Heavyweight stocks like ICICI bank, HDFC, Maruti Suzuki lifted the overall Nifty index.
Global stocks slipped on Wednesday as delayed Brexit deal dampened the market hopes. The deal could be wrapped next week. Japan’s Nikkei index closed 0.34 per cent higher, South Korea’s Kospi settled 0.39 per cent lower, and China’s Shanghai Composite index ended 0.43 per cent lower. With the anxiousness over the Indo-China trade deal. However, delayed Brexit deal has added cautiousness to the market sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent with Japan’s Nikkei up 0.5 per cent at a one-year high. South Korea’s KOSPI inched 0.4 per cent higher.
U.S. stock indexes closed with mild gains on Wednesday as investors reviewed another set of mixed quarterly report cards from big companies. Some of the companies’ earnings topped analysts’ expectations. Others put traders in a selling mood after warning that the slowing global economy and trade tensions are hitting their profits. The Dow Jones Industrial Average rose 45.85 points, or 0.17 percent, to 26,833.95 and the Nasdaq Composite added 15.50 points, or 0.19 percent.
U.S. crude inventories fell 1.7 million barrels in the week ended Oct. 18, compared with analysts’ expectations for a 2.2 million barrel build, data from the Energy Information Administration showed which raises concern about a weak demand outlook. As a result oil prices dipped on Thursday after surging more than 2 percent on Wednesday. Brent crude futures fell 39 cents, or 0.6 percent, to $60.78 a barrel. The international benchmark crude rose 2.5 percent on Wednesday to settle at $61.17 a barrel. West Texas Intermediate (WTI) crude futures dropped 46 cents, or 0.8 percent, to $55.51 per barrel. U.S. crude closed 3.3 percent higher in the previous session.
Nifty opened little higher than the previous close of 11604 at 11654. However, it has fallen to currently reach 11641 trading 40 points up. In the sectorals, except for IT sector, all the sectors are trading in green. Nifty Media sector gained more than 1 percent in the early trade.
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