Wednesday, 18 November 2015

Sensex, Nifty open flat; Infosys falls again, ITC leads | Stock Cash Market Tips

The market has opened on a flat note following lacklustre global cues Wednesday. The Sensex fell 10.44 points to 25854.03 and the Nifty declined 7.95 points to 7829.60. 

Infosys fell again on margin warning, down nearly 2 percent. HDFC, TCS, Axis Bank, Hero Motocorp and ONGC were down over 0.4 percent. 

ITC continued to be lead contributor to Sensex's gains, up 0.5 percent followed by Tata Motors, Lupin.

On the global front, Asian markets were mixed. Shanghai, Hang Seng, Nikkei and Kospi were marginally positive while Straits Times and Taiwan Weighted fell over 0.5 percent. 
US stocks closed mixed with slight support from some earning reports that offset pressure from decline in oil prices. On the economic data front, the October’s industrial production declined for second month with a 0.2 percent drop.

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