Inflation Data Drives The Market Volatile
Suparna / 14 Feb 2014
The government released the Wholesale Price Index (WPI) data today. Inflation came down to 5.05% in January from 6.16% in December. This kept the market swinging in the mid session. In the current scenario Nifty is up by 44 points to trade at 6045 and Sensex is up by 170 points to 20363.
Indian Indices turned volatile in early afternoon trade as the market sentiment was driven by latest inflation data which showed the wholesale price index (WPI) easing to a 7-month low of 5.05% in January 2014. On the current scenario the Nifty is up by 44 points to trade at 6045 and Sensex is up by 170 points to 20363.
On the NSE, the advance-decline ratio is on the negative side with 1004 advances and 1404 declines.
Top Nifty Gainers: Tata Motors is leading the gainer’s list so far and is up by 1.68%. It is followed by Kotak Mahindra, TCS, NTPC and Infosys.
Top Nifty Losers: Bajaj Auto is leading the losers list so far and is down by 4.04%. It is followed by BHEL, SBI, Cipla and Ambuja Cements.
Most of the sectoral indices are trading in red in the mid-session. Metal index is the top loser, trading lower by106 points. It is followed by Auto and Capital Goods indices, which were down by 57 points and 52 points respectively. Mid-caps and small-caps are trading down by 37 points and 32 points respectively.
The Asian market continued to trade on mixed note. The Nikkei is down by 221 points. Hang Seng has gained 132 points. Taiwan and KOSPI were trading with nominal gain.
Buzzer: HDIL stock is down by 4.46% to Rs 39.65 after posting poor Q3 result. Net profit of the company slipped by 83.55% to stand at Rs 20.66 crore against Rs 125.62 crore in the same period last year.
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