WPI Numbers Let Market Down
Suparna / 16 Dec 2013
Volatility continued in mid-session in the Indian markets after weak November WPI inflation data came in at 7.52%, up from that of 7% in October 2013. Nifty is down 7 points at 6161 and Sensex has lost 13 points to trade at 20702. Nifty Futures has remained at the 6180 level. Metal and mining stocks have declined on weak Chinese economic data.
Volatility continued in mid-session in the Indian markets after weak November WPI inflation data came in at 7.52%, up from that of 7% in October 2013. Nifty is down 7 points at 6161 and Sensex has lost 13 points to trade at 20702.
The advance-decline ratio is on the negative side. On the NSE, 1348 shares are in the green and 1766 shares are in red.
Top Nifty Gainers: Infosys is leading the gainers list, up by 2.4%. Sesa Sterlite, TCS, L&T and Axis Bank are among the other stocks trading higher.
Top Nifty Losers: Jindal Steel is down by 3.32% so far, followed by Ambuja Cements, BPCL, Hindalco and M&M.
8 out of the 13 sectors are in the red. Oil & Gas has lost 109 points, Auto is down by 74 points and Metals has dipped by 63 points. Mid-Caps and Small-Caps are currently in nominal gains.
All the Asian markets are trading in negatives. Nikkei is down by 250 points and Hang Seng has moved 121 points lower. Straits Times and KOSPI are marginally in losses.
Buzzers: Metal and mining stocks have declined on weak Chinese economic data, which has shown that growth in China's manufacturing sector activity has slowed to a 3-month low.
Nifty Futures has continued to trade at the 6180 level.
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