The Sensex has ended (provisional) at 16,955 - down 45 points. The
Nifty has ended down 11 points at 5,078.
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(Updated at 1457 hrs)
The Sensex is now down 58 points at 16,942. The Nifty is down 16 points to 5,072.
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(Updated at 1353 hrs)
Markets have recovered from its lows, shrugging off concerns of a rise in inflation.
The Sensex has recovered 64 points from its low. The index is now down 48 points at 16,952.
The Nifty is down 19 points at 5,069.
The BSE mid-cap and small-cap indices continue to trade in the green. The indices have added marginally to 6,671 and 8,397, respectiely.
Food inflation rose to 17.9% even as government said the winter produce has been good. However, the decision to raise fuel prices may prevent food prices from easing.
Hindalco has shed 2% at Rs 168. Jaiprakash Associates has dropped 1.7% to Rs 143.
Index heavyweights, Infosys and ICICI Bank have slipped 1.7% each to Rs 2,614 and Rs 893, respectively.
Auto stocks are down. Mahindra & Mahindra has declind 1.5% to Rs 1.060. Maruti Suzuki has dropped 1%. Hero Honda and Tata Motors are down marginally.
IT stocks are in red. TCS and Wipro have declined around 1% each to Rs 761 and Rs 693, respectively.
BHEL, ONGC and Reliance are the other big losers.
However, Reliance Communications has gained 1.5% to Rs 163. Hindustan Unilever and DLF have added 1.4% each to Rs 242 and Rs 303, respectively.
Reliance Infrastructure, Grasim and Sun Pharma are in the green.
The BSE market breadth co0ntinues to be marginally positive. Out of 2,835 stocks traded 51% have advanced while 46% have declined.
