 "Markets end lower amid volatility")
Benchmark indices finished lower amid a volatile trading session as investors remained cautious regarding the tightening of financial conditions resulting from the fall in bond prices and rise in bond yields.
Meanwhile, the wholesale price inflation softened for the sixth straight month to a low of -2.65 per cent in April compared to -2.33 per cent in March.
Disappointing quarterly results, controversial MAT levy and delay in the ambitious indirect tax (GST) and land reforms amid a subdued monsoon forecast further dampened the sentiments.
Provisionally, the 30-share Sensex lost 54 points to end at 27,197 and the 50-share Nifty shed 14 points to close at 8,221.
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(updated at 3.30 PM)
Benchmark indices continue to trade weak in the late noon deals tracking weakness in the European peers as investors remain wary regarding the tightening of financial conditions resulting from the fall in bond prices and rise in bond yields.
Meanwhile, the wholesale price inflation softened for the sixth straight month to a low of -2.65 per cent in April compared to -2.33 per cent in March.
Disappointing quarterly results, controversial MAT levy and delay in the ambitious indirect tax (GST) and land reforms amid a subdued monsoon forecast further dampened the sentiments.
Provisionally, the 30-share Sensex lost 54 points to end at 27,197 and the 50-share Nifty shed 14 points to close at 8,221.
______________________
(updated at 3.30 PM)
Benchmark indices continue to trade weak in the late noon deals tracking weakness in the European peers as investors remain wary regarding the tightening of financial conditions resulting from the fall in bond prices and rise in bond yields.
Disappointing quarterly results, controversial MAT levy and delay in the ambitious indirect tax (GST) and land reforms amid a subdued monsoon forecast continue to prevail.
On the macroeconomic front, the wholesale price inflation softened further for the sixth straight month to a low of -2.65 per cent in April compared to -2.33 per cent in March. Retail inflation, announced last week, has also fallen to a four-month low of 4.87 per cent that adds more strength to the hopes of a rate-cut from Reserve Bank of India.
On the macroeconomic front, the wholesale price inflation softened further for the sixth straight month to a low of -2.65 per cent in April compared to -2.33 per cent in March. Retail inflation, announced last week, has also fallen to a four-month low of 4.87 per cent that adds more strength to the hopes of a rate-cut from Reserve Bank of India.
At 14.40 PM, the 30-share Sensex has lost 129 points at 27,122 and the 50-share Nifty has shed 36 points at 8,198.
Market breadth in BSE is positive with 1,322 advances against 1,230 declines.
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On the sectoral front, BSE IT, Healthcare, Capital Goods indices are down up to 1%. However, BSE Auto, Oil & Gas and Power indices are trading higher up to 1%.
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