Benchmark indices reacted on weak macroeconomic data as factory output in October month declined to 2.2% from 4.1% and Retail inflation increased to 4.88% from 3.58%. Sentiments were also hit by the FED policy outcome today as investor remained cautious ahead of decesion. Nifty ended lower at 10215.20. Media shares were the major gainers of the day while Realty and Pharma shares were the major losers of the day.
Global Markets Update
The financial arm of German carmaker Volkswagen that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.
Japan’s Nikkei share average ended lower after tech stocks lost ground as they tracked their weaker U.S. counterparts, while Shikoku Electric slumped after a court ruled against the restart of one of its nuclear reactors.
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