Markets get inflation booster

Markets have pared some gains in afternoon trades.

The Sensex after touching a high of 19,814 on positive inflation data, dropped marginally. The index is now up 92 points at 19,787

NSE Nifty is up 28 points at 5,935.

BSE consumer durables and metal indices have continued to trade smart and are up 1.2% each. However, the auto and bankex are down marginally in trades.
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(Updated at 1326 hrs)

The markets are trading near the day's high after the government anounced the inflation figures. The inflation for the month of November eased to 7.48% compared to 8.58% during the previous month.

The Sensex has added 102 points at 19,794 and the Nifty is at 5937 up 29 points.

Sterlite Industries is the top gainer among the sensex stocks trading higher by more than 2% at Rs 168 followed by Tata Motors, Tata Steel, Reliance Infrastructure, index heavy weight Reliance Industries and Cipla up more than 1% each. On the other hand Hero Honda, Jindal Steel, Mahindra & Mahindra and Bajaj Auto are among the top loser down more than 0.7% each.

The broader markets continue to outperform the benchmark indices, the BSE mid-cap index is at 7623 up 86 points and the small-cap index is higher by 114 points at 9249.

Financial Technologies is the top mid-cap gainer up 7.8% at Rs 908 followed by Hindustan Construction Company, Purvankara Projects, Coromandel International, Petronet LNG and Gujarat Stete Petronet up more than 4% each. SE Investments, Tourism Finance Corporation of India, Zylog Systems, Valecha Engineering and Jayaswal Neco are the top gainers on the small-cap index.

BSE Consumer durable index leads the rally among the sectoral indices, up 96 points or 1.6% at 6114 followed by oil & gas, metal and PSU indices trading higher by more than 1% each. BSE Auto index is the only index trading in the red.

Gitanjali Gems leads the rally among the consumer durable stocks followed by VIP Industries, Rajesh Exports, Bajaj Electricals and Blue Star up more than 1% each. Hero Honda, Exide Industries, Mahindra & Mahindra, Bajaj Auto and Ashok Leyland are the loser among the auto stocks.

The overall market breadth continues to remain extremely positive as 1781 stocks are advancing while 855 stocks are declining.