Sensex, Nifty end lower

Indian equity indices ended on a weak note crossing 34,000 mark, while Nifty ended nearly 10,700 levels.

Sensex was lower by 72 points at 34,771 , While Nifty was lower by 41 points at 10,700.

The S&P BSE Mid-cap and small cap index was flat.

The trade deficit increased to $14.88 bn last month from $13.83 bn in November, according to Ministry of Commerce and Industry data.

IDBI Bank stock closed lower by 5% at Rs.59. The Board of IDBI Bank has approved the proposal for preferential issue of capital to government of India up to Rs 2,729 crore, subject to regulatory approvals.

IT stocks ended higher on reports that global brokerage firm Morgan Stanley upgraded ratings for Infosys, HCL Technologies to overweight.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com