Sensex, Nifty under pressure; LT, Power grid top losers
14/11/2017 13:21
Indian benchmark continued its choppy trade during the noon trading session as domestic WPI inflation numbers and corporate earnings influence market sentiment.

India's Consumer Price Index (CPI)-based inflation rose to this financial year’s highest rate of 3.58% in October, from 3.28% in September, food and fuel prices increasing at a higher pace. This could stop the Reserve Bank of India (RBI) from cutting rates in its policy review next month to spur falling industrial growth even as core inflation (relating to manufactured products sans food items) fell to 4.55%, from 4.61%.

At 13:20 hours, the 30-share benchmark index was trading at 32948.3 down by 85.26 points or by 0.26 per cent NSE Nifty was at 10192.4 down by 32.55 points or by 0.32 per cent.

Sensex touched intraday high of 33126.55 and intraday low of 32914.42 The NSE Nifty touched intraday high of 10248 and intraday low of 10180.7

The top losers of the BSE Sensex pack were Larsen & Toubro Ltd. (Rs. 1207.60,-2.64%), Power Grid Corporation of India Ltd. (Rs. 207.45,-1.87%), Tata Consultancy Services Ltd. (Rs. 2711.85,-1.71%), Sun Pharmaceutical Industries Ltd. (Rs. 524.40,-1.52%), Asian Paints Ltd. (Rs. 1158.50,-1.41%), among others.

The top gainers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 546.55,+1.63%), Lupin Ltd. (Rs. 841.50,+1.56%), Hero MotoCorp Ltd. (Rs. 3636.45,+1.48%), Bajaj Auto Ltd. (Rs. 3254.45,+1.33%), Cipla Ltd. (Rs. 609.05,+1.15%), among others.

Among the sectors, Realty index was at 2289.34 up by 16.05 points or by 0.71%. Sobha Ltd. (Rs. 511.70,+2.58%), DLF Ltd. (Rs. 205.50,+1.56%), Housing Development & Infrastructure Ltd. (Rs. 59.25,+1.54%), Prestige Estates Projects Ltd. (Rs. 293.60,+1.35%), Indiabulls Real Estate Ltd. (Rs. 223.25,+1.27%),.

On the other hand, CGS index was at 18189.65 down by -256.23 points or by -1.39%. Larsen & Toubro Ltd. (Rs. 1207.60,-2.64%), GE T&D India Ltd. (Rs. 386.25,-1.99%), CG Power and Industrial Solutions Ltd. (Rs. 81.45,-1.69%), Greaves Cotton Ltd. (Rs. 123.20,-1.56%), Finolex Cables Ltd. (Rs. 622.10,-1.47%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2744 , shares advanced were 1135 while 1470 shares declined and 139 were unchanged