Friday 13 March 2015

Sensex, Nifty slip into red

The BSE Mid-cap Index is trading up 0.19% at 10,966, whereas BSE Small-cap Index is trading up 0.42% at 11,433. 

The market has wiped out all the early gains and slipped into the negative zone, on the back of poor key macro-economic data.

Industrial growth slowed to 2.6 per cent in January, against 3.2 per cent in December 2014.

The combined consumer price index (CPI) data for rural & urban for February increased to 5.4 per cent in February from revised 5.2 per cent in January. Food items were major contributors to the CPI inflation increase in February 2015.


At 10:35 AM, the S&P BSE Sensex is trading at 28,795 down 136 points, while NSE Nifty is trading at 8,733 down 39 points.

The broader market, however, is trading in green, the BSE Mid-cap and Small-cap indices are up 0.2-0.3 per cent each at 10,967 and 11,421, respectively.

In sectors, the BSE IT and FMCG indices have declined 0.5 per cent each at 11,680 and 8,222, respectively. The Auto, Metal, Consumer Durables, Bankex and Oil & Gas indices are the other notable losers.

On the other hand, the Power and Capital Goods indices are the only gainer, up 0.2 per cent each at 2,261 and 17,866, respectively.

The breadth is positive in morning deals - out of 2,129 stocks so far traded on the BSE 1,046 stocks are advancing, while 985 stocks are declining.

Among IT shares - MindTree and HCL Technologies have slipped 1.5 per cent each at Rs. 1,390 and Rs. 2,023, respectively.

Tech Mahindra has shed almost a per cent at Rs. 2,831. Wipro has declined around a per cent at Rs. 650.

Infosys, Oracle Financial CMC and TCS have also declined 0.4-0.6 per cent each.

On the other hand, MphasiS is the only gainer, up 0.5 per cent at Rs. 394. 

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