Early on D-Street | Create fresh shorts below 11,891, look for target of 11,800
Episode 1907, Nov 18, 2019, 01:30 AM
The Indian markets remained volatile and closed flat in a truncated week. The S&P BSE Sensex rose 0.08 percent while the Nifty fell 0.11 percent for the week ended November 15.
The Indian markets remained volatile throughout the week largely weighed down by muted results from India Inc. as well as weak economic data on inflation and IIP. Moody’s downgrade of the rating outlook to 'negative' from 'stable' also strengthens the bearish outlook.
The broader market witnessed a mixed trend where the S&P BSE mid-cap index was up by 0.28 percent while the S&P BSE small-cap index fell 1.1 percent in the past four trading days.
But, as many as 33 stocks in the small-cap space bucked the trend. These include HG Infra, Steel Exchange, Rushil Décor, Manpasand Beverages, Punj Lloyd, and Dixon Technologies among others.
On the macro front, India's trade deficit narrowed to $11.01 billion in October from $18.0 billion a year ago, the trade ministry said on Friday, helped by lower oil imports.