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Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

All that happened in today's trade

SI Reporter  |  New Delhi 

Nifty, Sensex, BSE, NSE, markets

All but two sectors ended in red  Source: NSE Broader markets  Broader markets mirrored the gains in the frontile indices with the BSE Midcap and the BSE Smallcap indices losing 0.2% each.  Sensex heatmap at close  Source: BSE Markets at close The S&P BSE Sensex ended at 32,941, down 91 points, while the broader Nifty50 closed at 10,186, down 38 points. Buzzing stocks Vakrangee, Balkrishna Industries, VIP Industries, Graphite India, HEG, Minda Industries, Sterling Tools and Gulf Oil Lubricants were among 15 stocks from the S&P BSE500 and S&P BSE Smallcap index that hit their respective new highs on the BSE in intra-day trade. READ MORE European markets Encouraging earnings from telecoms companies put European shares on the front foot on Tuesday, helping them recover from a seven-week low hit in the previous session.   The pan-European STOXX 600 was up 0.2 per cent, also helped by gains in British retailer Tesco after the UK regulator approved its $4.9 billion takeover of wholesaler Booker.

The benchmark indices took a breather on Tuesday as the possibility of the Reserve Bank of India (RBI) cutting interest rates next month was further dampened after key indicators inched up in October. 

The consumers price index (CPI)-based came in at 3.58% for October, its seven-month high, while wholesale price index (WPI)-based stood at 3.59%, its six-month high. 

"Given higher oil prices, likely above-4 per cent in coming quarters and risks of a fiscal slippage, we expect the to stay on hold through 2018, including at the December 6 policy meeting," Nomura said in a research note.

Overseas, put in a subdued performance as Chinese economic data disappointed and investors pondered whether a marked flattening in the US yield curve might be a harbinger of a future slowdown there. European markets, meanwhile, recovered from a seven-week low hit in the previous session.

First Published: Tue, November 14 2017. 15:33 IST
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Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

All that happened in today's trade

All that happened in today's trade
The benchmark indices took a breather on Tuesday as the possibility of the Reserve Bank of India (RBI) cutting interest rates next month was further dampened after key indicators inched up in October. 

The consumers price index (CPI)-based came in at 3.58% for October, its seven-month high, while wholesale price index (WPI)-based stood at 3.59%, its six-month high. 

"Given higher oil prices, likely above-4 per cent in coming quarters and risks of a fiscal slippage, we expect the to stay on hold through 2018, including at the December 6 policy meeting," Nomura said in a research note.

Overseas, put in a subdued performance as Chinese economic data disappointed and investors pondered whether a marked flattening in the US yield curve might be a harbinger of a future slowdown there. European markets, meanwhile, recovered from a seven-week low hit in the previous session.
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Business Standard
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Sensex ends 91 points lower, Nifty below 10,200 on inflation concerns

All that happened in today's trade

The benchmark indices took a breather on Tuesday as the possibility of the Reserve Bank of India (RBI) cutting interest rates next month was further dampened after key indicators inched up in October. 

The consumers price index (CPI)-based came in at 3.58% for October, its seven-month high, while wholesale price index (WPI)-based stood at 3.59%, its six-month high. 

"Given higher oil prices, likely above-4 per cent in coming quarters and risks of a fiscal slippage, we expect the to stay on hold through 2018, including at the December 6 policy meeting," Nomura said in a research note.

Overseas, put in a subdued performance as Chinese economic data disappointed and investors pondered whether a marked flattening in the US yield curve might be a harbinger of a future slowdown there. European markets, meanwhile, recovered from a seven-week low hit in the previous session.

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Business Standard
177 22