Monday 16 March 2015

Sensex, Nifty flat ahead of WPI data

The volatility index has jumped nearly 2 per cent. CNX Metal index is the top loser. 

Bombay-Stock-Exchange-BuildingThe market is trading in a thin range as investors are cautious ahead of wholesale price index (WPI)-based inflation data due at 12:30 pm today.

The BSE Sensex so far has moved in a range of 162-odd points and now is down 50 points at  28,454.

Similarly, the NSE Nifty so far has touched a high and a low at 8,664 and 8,620, respectively. Now, the 50-scrip index of the NSE is down 14 points at 8,634.



The India VIX - volatility index has jumped 1.8 per cent at 15.2350.

HDFC is the major dragger, which has accounted for a loss of 49 points for the BSE Sensex and 13 points for the NSE Nifty.

CNX Metal index is the top loser - down 1.2 per cent after the media reported that the government will begin issuing ownership rights on 23 March for the coal blocks that have been auctioned so far.

In metal space, Sesa Sterlite is the top loser - down 3.8 per cent at Rs. 188. NMDC has tumbled 3.1 per cent at Rs. 127.

Jindal Steel has dropped 2.6 per cent at Rs. 182. SAIL, Hindalco, Bhushan Steel and Tata Steel are some of the notable losers.

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