Sensex, Nifty end lower on weak rupee, factory data; focus on inflation data

Reuters Bengaluru, India Nov 13, 2019, 04.01 PM(IST)

File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )

Story highlights

The NSE Nifty 50 index closed down about 0.6 per cent at 11,840.45, while the benchmark BSE Sensex also finished 0.6% lower at 40,099.23.

Indian shares closed lower on Wednesday, hurt by a weaker rupee and a fall in factory output data, while investors awaited retail inflation data due later in the day.

India's industrial output fell at the fastest pace in over six years in September, adding to a series of weak indicators that suggests the country`s economic slowdown is deep-rooted and interest rate cuts alone may not be enough to revive growth.

The NSE Nifty 50 index closed down about 0.6 per cent at 11,840.45, while the benchmark BSE Sensex also finished 0.6% lower at 40,099.23.

The Nifty public sector bank index, Nifty bank index and the metal index were top losers, falling 3.1 per cent to 1.8 per cent.

Markets await consumer price index data, due later in the day.

The retail inflation probably exceeded the Reserve Bank of India's (RBI) medium-term target of 4 per cent in October for the first time in 15 months, mainly because of rising vegetable prices, a Reuters poll of economists showed.

Shares of India's Britannia Industries ended up 4.81 per cent as it posted a higher consolidated net profit for the September quarter on Monday and was the top gainer on Nifty.

Yes Bank shares closed down 6.6 per cent and was the top Nifty loser.