Sensex Finishes on a Dull Note; Metal Stocks Worst Performers

Indian share market finished the trading session on a flat note with negative bias amid weak European markets.

At the closing bell, the BSE Sensex stood lower by 93 points, while the NSE Nifty finished down by 32 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.1% and 0.6% respectively. Losses were largely seen in metal stocks and power stocks.

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According to an article in The Economic Times, National Aluminum Company (Nalco) will benefit from the rising alumina price. Global alumina benchmark price has risen around 14% over the past month and 30% in three months. This should boost the company's December quarter results.

Nalco share price finished the trading day down by 1.7% on the BSE.

According to a report released by Fitch Ratings, India's petroleum product consumption will remain strong at around 5-6% in 2017 but the profitability in the oil and gas exploration and production segment will remain weak.

Oil & Gas stocks finished on a negative note despite OPEC representatives reaching a landmark deal to reduce oil output with HPCL and MRPL leading the losses.

(Get HPCL share price and MRPL share price)

At the time of writing share market news, the rupee was trading at 68.37 against the US$ in the afternoon session. Oil prices were trading at US$ 49.7.

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