Indian share
market turned flat in the last hour of trade on the back of weakness in IT
sector, FMCG
sector and bank
stocks.
At the closing bell, the BSE Sensex
stood higher by 44 points, while the NSE Nifty
finished up by 15 points. Meanwhile, the S&P BSE Mid
Cap & the S&P BSE Small
Cap finished up by 0.5% respectively. Gains were largely seen in auto
sector and consumer
durable stocks.
(Looking for BSE
gainers today?)
According to a leading financial daily, the government
has informed that the Indian economy grew at 7.1% in the first six months of
the current financial year despite subdued
growth in the world economy.
The data comes ahead of the last pre-demonetisation GDP figures, pertaining to
the second
quarter ending September.
Moving on to news from automobile
sector.
According to an article in The Livemint, Suzuki Motor Corp. plans
to invest Rs 26 billion through its unit Suzuki Motor Gujarat (SMG). The
company intends to build its second assembly plant in India and an engine and
transmission unit.
Maruti
Suzuki share price finished the trading day up 4% on the BSE.
Meanwhile, automobile
stocks finished on a strong note with Eicher Motors (Get Eicher
Motors share price) and Maharashtra Scooters leading the gainers
today.
The rupee was trading at 68.65
against the US$ in the
afternoon session. Oil prices were trading at US$ 46.56 at the time of writing
the share market news.
Read the complete stock market update. For terms of
use, go here.
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