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Indian shares flat amid China tensions

Wednesday,   16-Sep-2020   09:53 AM (IST)

Indian shares opened flat on Wednesday amid signs of a protracted standoff with China on the countries' disputed border and the country's coronavirus tally crossing the 5-million mark. Investors also awaited the outcome of the U.S. Federal Reserve's two-day policy meeting later in the day. The blue-chip NSE Nifty 50 index rose 0.1% to 11,533.00 and the benchmark S&P BSE Sensex 0.14% to 39,097.67 by 0347 GMT. Both the indexes closed 0.7% higher in the previous session. Total cases of the novel coronavirus in India surpassed 5 million on Wednesday, with a single-day jump of 90,123 infections, according to health ministry data. The Nifty Bank Index was down 0.21%, with ICICI Bank Ltd ICBK.NS being among the top drags on the Nifty 50. Most broader Asian markets rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data.