look news india
Indian stock market benchmark indices BSE Sensex and Nifty 50 had a mixed start on Friday. This trend was seen based on global signals. There was a bearish atmosphere in the market on the last day of the trading week. The stock market opened in the red at 9.30 am. Sensex opened 119 points down at 79,098 points and Nifty opened 27.80 points down at 23,923 points.
global signal
Asia-Pacific markets were mixed on Friday, with investors focused on Japan’s inflation data and China’s interest rate decision. The People’s Bank of China kept its benchmark loan prime rate (LPR) steady. The one-year LPR covering corporate and home loans was 3.1% and the five-year LPR was 3.6%.
Japan’s November inflation data showed a stronger-than-expected increase. Core inflation was 2.7%, compared with the estimate of 2.6%. Headline inflation rose to 2.9% from 2.3% in October. Japanese markets posted modest gains after the data, with the Nikkei and Topix both up 0.1%.
At the same time, a decline was seen in other Asian markets. South Korea’s Kospi fell 0.7% and Australia’s ASX200 fell 1.1%.
In the US, third-quarter economic data showed gross domestic product expanded by 3.1% on strong consumer spending, above the previous estimate of 2.8%. However, a mixed trend was seen in the American markets. The Dow Jones broke its long slide with a slight gain of 0.04%, while the S&P 500 lost 0.09% and the Nasdaq lost 0.10%.