After enjoying a spectacular rally on Monday, the Indian equity market took a breather. Global cues hurt sentiment at start and traders and investors preferred to remain on the sidelines ahead of the wholesale price index data which was re scheduled to be announced on January 15, Wednesday.
Meanwhile, India's retail inflation in December eased to a 3-month low. The consumer price index stood at 9.87% in last month of 2013 from the corresponding month of last year. Prices had surged a revised 11.16% yoy in November - the fastest pace on record.
Today’s decline was led by the metals, FMCG, banking and the capital goods stocks. Even the midcap and the smallcap stocks witnessed some profit booking.
On the other hand, bucking the negative trend were the healthcare and the oil and gas stocks.
Finally, BSE Sensex closed at 21,033 down 101 points, while NSE Nifty closed at 6,242 down 31 points over the previous close.
Meanwhile, India's retail inflation in December eased to a 3-month low. The consumer price index stood at 9.87% in last month of 2013 from the corresponding month of last year. Prices had surged a revised 11.16% yoy in November - the fastest pace on record.
Today’s decline was led by the metals, FMCG, banking and the capital goods stocks. Even the midcap and the smallcap stocks witnessed some profit booking.
On the other hand, bucking the negative trend were the healthcare and the oil and gas stocks.
Finally, BSE Sensex closed at 21,033 down 101 points, while NSE Nifty closed at 6,242 down 31 points over the previous close.
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