Indian Stock Markets Open Flat; Telecom and Metal Stocks Drag : 21 Nov 2019

Capitalstars Investment Advisor

Asian share markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.2% while the Hang Seng is down 1.5%. The Nikkei 225 is trading down by 1.2%. Wall Street's main indices ended Wednesday's session lower on concerns that a "phase one" trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve's October policy meeting appeared to offer little help.

Back home, India share markets opened flat. The BSE Sensex is trading down by 5 points while the NSE Nifty is trading flat. The BSE Mid Cap index and BSE Small Cap index opened up by 0.1% and 0.3% respectively.

Sectoral indices have opened the day on a mixed note with capital goods stocks and IT stocks witnessing buying interest. Telecom stocks and metal stocks are trading in red.

The rupee is currently trading at 71.74 against the US$.

In the news from global economy. According to minutes released yesterday from their most recent meeting, Federal Reserve officials generally agreed that they likely won't need to cut interest rates again unless economic conditions change significantly.