Monday 15 December 2014

Market rebounds on WPI data

The markets are now trading on a positive note after WPI data dipped to 66-months low.

The wholesale price index inflation (WPI) - based inflation at 0.0 per cent in November against 1.77 per cent in October 2014.

The inflation reading in November 2014 is the lowest since July 2009.

At 12:15 pm, the Sensex is up 11 points at 27362. The Nifty is up two points at 8,226.

Among Nifty-50 stocks, HDFC has soared 4.2 per cent at Rs. 1,114. Kotak Bank has jumped 3.6 per cent at Rs. 1,293. Coal India has rallied 3 per cent at Rs. 375. IndusInd Bank has advanced 2 per cent at Rs. 795.

On the other hand, Tech Mahindra, BPCL and TCS have cracked over 3 per cent each at Rs. 2,510, Rs. 647 and Rs. 2,377, respectively.

Meanwhile, the market breadth is slightly negative in the early noon deals. Out of 1,736 stocks have traded on the NSE - 820 stocks have declined, while 642 stocks have advanced.

No comments:

Post a Comment