Benchmark indices traded almost flat on the second trading session of the week on account of lower industrial production (IIP) data and lower inflation data as India’s IIP fell 2.4 per cent in July 2016 over the same month last year, industrial production expanded 2.1 per cent in June 2016 over the year-ago month and the inflation data based on consumer price index (CPI) for August 2016 slowed to 5.05 per cent.. Bank of Baroda, Yes Bank, Tata Motors DVR and Adani ports were the top gainer of the day while BOSCHIND, Coal India, ONGC and TCS were the top losers of the day.
Global Markets Update:
- Hong Kong’s securities regulator said it fined and reprimanded HSBC for regulatory breaches and internal control failings related to its position in the futures and options contract market.
- Japan’s Nikkei share average slipped to a 2-1/2-week closing low on Wednesday, dragged down by weaker bank stocks amid heightened speculation that the Bank of Japan will cut interest rates deeper into negative territory.
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