The market switched direction many times today as the Sensex fell into the loss zone, unnerved by a rise in both CPI and WPI inflation.
Investors now turned their focus to September quarterly earnings due today.
The 30-share BSE index after hovering between 33,126.55 and 32.971.78 hit 32,941.78 at 1215 hours, down 91.78 points, or 0.28 per cent.
Consumer inflation (CPI) jumped to a 7-month high of 3.58 per cent in October, driven by costlier food items, particularly vegetables.
Wholesale inflation (WPI) too spiked to 3.59 per cent in October, from 2.6 per cent in September, official data showed today.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 233.58 crore yesterday, as per provisional data. Domestic institutional investors (DIIs) also sold shares worth a net Rs 268.77 crore.
Overseas, Asian markets wobbled as investors waited for developments on the US tax reforms front.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)