The Nifty and the Sensex opened in the green despite weak global cues. The Nifty opened 30 points up at 7,643, while the Sensex opened 101 points at 25,137.A report by SMC Global said: “Asian stocks retreated in early trade on Thursday after a third day of losses on Wall Street, with less than a week to go until the US Federal Reserve decides on whether to raise interest rates. US markets finished in the red. The Dow Jones Industrial Average gave up triple-digit gains to close 76 points or 0.43 per cent lower at 17,492. Reflecting decreases in inventories of both durable and non-durable goods, the Commerce Department released a report on Wednesday showing an unexpected drop in US wholesale inventories in the month of October.

The Commerce Department said wholesale inventories edged down by 0.1 per cent in October after rising by a downwardly revised 0.2 per cent in September. Economists had expected inventories to rise by 0.2 per cent compared to the 0.5 per cent increase originally reported for the previous month.”All sectoral indices were in the green with volatility down 3.39 per cent at 16.1575.

Source : thehindubusinessline.com

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