The benchmark indices edged lower in early trade, Thursday on weak economic data. At 10.20 am, the BSE Sensex, was down 49.38 points or 0.17% at 29,594.10. The Nifty-50 index was down 15.80 points or 0.17% at 9,187.65.
The BSE Mid-Cap index was up 0.17%. The BSE Small-Cap index was up 0.54%, outperforming the Sensex.
Infosys dipped over 1% after the company released its March quarter results, which was consonant with the market expectations with consolidated net profit at Rs 3,603 crore, against Rs 3,708 crore in the previous quarter.
On economic data front, India's industrial production (IIP) declined 1.2% in February 2017 year-on-year, breaking 3.3% growth recorded in January 2017.
Globally, geo-political worries and Donald Trump’s comment, saying that the dollar is getting very strong and that would ultimately hurt the economy and he would like to see interest rates keep on low, also influenced the sentiment.
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