The Sensex and the Nifty were trading marginally in the red in the afternoon session on Monday owing to rise in WPI inflation to a 14-month high of 7.52 per cent in November, higher-than-expected consumer price inflation at 11.2 per cent and lacklustre numbers from auto companies.
Domestic sentiment was also dampened as investors remained cautious ahead of RBI's mid-quarter monetary policy review on December 18 and Federal Open Market Committee meeting on December 17 and 18.
The US Federal Reserve could spell out its plans on when it could begin tapering its $85-billion-a-month bond-buying programme.
At 1.15 p.m., the 30-share BSE index Sensex was down 38.83 points (0.19 per cent) at 20,676.75 and the 50-share NSE index Nifty was down 13.55 points (0.22 per cent) at 6,154.85.
Sectoral gainers & losers
On the BSE, oil & gas, FMCG, power and metal sectors succumbed to selling pressure and were down 1.32 per cent, 0.85 per cent, 0.54 per cent and 0.43 per cent, respectively.
On the other hand, IT, consumer durables, TECk and healthcare indices remained investors' favourite and were up 1.57 per cent, 1.44 per cent, 1.21 per cent and 0.59 per cent.
Top 5 Sensex gainers/losers
Infosys, SSLT, Coal India, TCS and ICICI Bank were the top five Sensex gainers, while the top five losers were Jindal Steel, Hindalco, Sun Pharma, Tata Steel and RIL.
Rajesh Agarwal, Head-Research, Eastern Financiers, said in a report: “Markets are expected to remain volatile in the coming week on the headline inflation announcement, followed by the crucial RBI monetary policy review. Also, the Q3FY13 advance tax numbers that are going to trickle-in, in the early part of the week, is expected to have its effect on market performance. The other important factor on the investor’s watch-list would be the development in the next FOMC meet slated on December 17and 18.”
European stocks fell ahead of a two-day Federal Reserve meeting starting tomorrow. Asian stocks fell towards a three-month low as a survey showed Chinese manufacturing expanding less than estimated and the yen strengthened.
Domestic sentiment was also dampened as investors remained cautious ahead of RBI's mid-quarter monetary policy review on December 18 and Federal Open Market Committee meeting on December 17 and 18.
The US Federal Reserve could spell out its plans on when it could begin tapering its $85-billion-a-month bond-buying programme.
At 1.15 p.m., the 30-share BSE index Sensex was down 38.83 points (0.19 per cent) at 20,676.75 and the 50-share NSE index Nifty was down 13.55 points (0.22 per cent) at 6,154.85.
Sectoral gainers & losers
On the BSE, oil & gas, FMCG, power and metal sectors succumbed to selling pressure and were down 1.32 per cent, 0.85 per cent, 0.54 per cent and 0.43 per cent, respectively.
On the other hand, IT, consumer durables, TECk and healthcare indices remained investors' favourite and were up 1.57 per cent, 1.44 per cent, 1.21 per cent and 0.59 per cent.
Top 5 Sensex gainers/losers
Infosys, SSLT, Coal India, TCS and ICICI Bank were the top five Sensex gainers, while the top five losers were Jindal Steel, Hindalco, Sun Pharma, Tata Steel and RIL.
Rajesh Agarwal, Head-Research, Eastern Financiers, said in a report: “Markets are expected to remain volatile in the coming week on the headline inflation announcement, followed by the crucial RBI monetary policy review. Also, the Q3FY13 advance tax numbers that are going to trickle-in, in the early part of the week, is expected to have its effect on market performance. The other important factor on the investor’s watch-list would be the development in the next FOMC meet slated on December 17and 18.”
European stocks fell ahead of a two-day Federal Reserve meeting starting tomorrow. Asian stocks fell towards a three-month low as a survey showed Chinese manufacturing expanding less than estimated and the yen strengthened.
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