Sensex flat; global stocks fall on US debt - NDTV.com

The Indian markets are flat unlike global stocks that are trading deep in the red after ratings agency Standard & Poor’s lowered its outlook on US debt to negative. At 9.30 am, the Sensex was trading 6 points lower at 19,085 while the NSE Nifty slipped 1 point to 5,727.

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The US is the world's biggest economy and any concern on its sovereign debt affects global sentiments. On Tuesday, all Asian markets fell more than 1 per cent. Japan's Nikkei and Hong Kong's Hang Seng declined 1.4 per cent. The Chinese markets were trading close to 2 per cent lower.

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On the Sensex, 11 stocks were trading higher while 19 stocks declined. HDFC Bank was the top gainer on the back of strong earnings. The bank reported a 33 per cent jump in net profit for the fourth quarter. The stock was trading 1.4 per cent higher.

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Sensex flat; global stocks fall on US debt - NDTV.com