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Indian stock equities opened lower upon weak global signs

Following the dreadfull carnage in Paris, investor’s mood are likely to be spooked globally and even the weak sentiments saw the markets close in the red in seven out of the past eight trading sessions so key Indian stock market indices opened lower on Wednesday

Tthe sensitive index (Sensex) of the Bombay Stock Exchange opened lower at 25,580.15 points against the previous close at 25,610.53 points.

However, with a loss of 56.66 points (0.22 percent), soon after it was ruling at 25,553.87 points.

Nifty was ruling at 7,743.05 points, with a loss of 19.20 points (0.25 percent) at the National Stock Exchange.

Among the 30 Sensex shares, 13 were in the green while 16 were trading in the red.

On account of news the previous day that the growth in India’s industrial output had decelerated significantly while the retail inflation had risen for the third straight month, he Sensex had closed at 25,610.53 points, with a loss of 256.42 points (0.99 percent).

“After some enthusiasm on the auspicious Mahurat trading of Diwali, markets had another dismal trading session led by weak macro data and negative global cues,” Angel Broking, stock broking firm, said in a pre-open report.

“The index for industrial production (IIP) growth was sharply lower than expected in September at 3.6 percent from 6.3 percent in August, while retail inflation inched up for the third successive month in October to five percent.”

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