Sensex Down 285 Points; Metal And Healthcare Stocks Witness Selling

After opening the day marginally higher, share markets in India witnessed selling pressure and are presently trading on a negative note. Sectoral indices are trading on a negative note with stocks in the metal sector and healthcare sector witnessing maximum selling pressure.

The BSE Sensex is trading down by 285 points (down 0.8%) and the NSE Nifty is trading down by 91 points (down 0.9%). Meanwhile, the BSE Mid Cap index is trading down by 1.6%, while the BSE Small Cap index is trading down by 1.9%.

The rupee is trading at 71.12 to the US$.

In the news from macroeconomic space, as per a leading financial daily, India has appeared in the list of the world's most innovative nations in 2019.

The chart below shows the scores of the nations that ranked among the top five (in red) - South Korea, Germany, Finland, Switzerland, and Israel.

India, with a score of 47.93, ranked 54th in the list.

India's Enters List of World's Most Innovative Nations

Bloomberg has been publishing the innovation index since the last seven years. But India hadn't made it to this list before.

The annual Bloomberg Innovation Index analyzes dozens of criteria using seven metrics, including research and development spending, manufacturing capability, concentration of high-tech public companies, patent activity, among others.

It is interesting to note that the ranking process in 2019 began with more than 200 economies. Each economy was scored on a 0-100 scale based on seven equally weighted categories. Nations that didn't report data for at least six categories were eliminated, trimming the total list to 95.

The final list published by Bloomberg consisted the top 60 economies.

The above data validates Tanushree's optimism about India's future.

And as we wrote in today's edition of The 5 Minute WrapUp... 'Anyone who still thinks India is a poor country of elephants and snake charmers needs to seriously rethink.'

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