Business Standard

Markets turn flat after weak opening; Asia weak

Sensex was down by 3 points at 19,785 mark and the Nifty declined by 5 points at 5,847 levels

SI Reporter Mumbai
Markets have turned flat after making a negative opening tracking weak Asian cues.  

By 9:20, the Sensex was down by 3 points at 19,785 mark and the Nifty declined by 5 points at 5,847 levels.

Market will also react to better-than-expected July factory output data and slowing August retail inflation data which were released after market hours on Thursday, 12 September 2013.

On the global front, Asian shares slipped on Friday and the dollar held to overnight losses against the yen as investors fretted not whether but by how much the US Federal Reserve will cut its monthly stimulus at next week's monetary meeting.
 
The Fed is expected to reduce its $85 billion a month bond-buying programme at its two-day policy meeting ending on Sept 18.

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First Published: Sep 13 2013 | 9:20 AM IST

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