 "Markets recover: Sensex above 27,400; HUL, BHEL up 3%")
Markets have recovered and are trading flat with Sensex and Nifty swinging between negative and positive zone.
At 14:20 PM, the 30-share Sensex was down 20 points at 27,405 and the 50-share Nifty was down 9 points at 8,291.
The main gainers on the Sensex are HUL, BHEL, Infosys, Bajaj Auto and ONGC.
Updated at 13:23
Benchmark indices continue to trade lower weighed down by metal, FMCG and financial shares.
At 13:23 PM, the 30-share Sensex was down 133 points at 27,293 and the 50-share Nifty was down 39 points at 8,261.
Among broader markets, BSE Midcap and Smallcap indices have slipped over 0.4%.
The market breadth in BSE remains weak with 1,539 shares declining and 1,062 shares advancing.
Further, the wholesale price index-based inflation inched up to 0.11% in December, snapping a six-month easing trend as food costs jumped up year-on-year. Wholesale prices were flat in November.
However, inflation in manufactured products, which has the highest weight of almost 65% in WPI, declined over this period due to low demand and global prices, while fuel prices declined as international crude rates softened, official data released on Wednesday showed.
On the sectoral front, BSE Metal index has slumped by nearly 3% followed by counters like Banks, FMCG, Healthcare, IT, Oil & Gas and Realty, all slipping by nearly 1% each.
Shares of metal companies are under pressure with the National Stock Exchange (NSE) CNX Metal index hits eight-month low as metal prices fell in global markets.
Hindalco Industries, Sesa Sterlite, Tata Steel, JSW Steel, Jindal Saw and Steel Authority of India (SAIL) are down 2-5% on NSE.
Shares of cigarette makers such as ITC, VST Industries and Godfrey Philips are trading lower by over 3% on reports that the government moved to amend the anti-smoking law and proposed radical changes.
Other notable losers are Sun Pharma, GAIL, ICICI Bank, Axis Bank, Tata Power and RIL.
On the gaining side, HUL, BHEL, Bajaj Auto, Infosys and Maruti Suzuki have gained between 1-2.5%.
At 14:20 PM, the 30-share Sensex was down 20 points at 27,405 and the 50-share Nifty was down 9 points at 8,291.
The main gainers on the Sensex are HUL, BHEL, Infosys, Bajaj Auto and ONGC.
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Updated at 13:23
Benchmark indices continue to trade lower weighed down by metal, FMCG and financial shares.
At 13:23 PM, the 30-share Sensex was down 133 points at 27,293 and the 50-share Nifty was down 39 points at 8,261.
Among broader markets, BSE Midcap and Smallcap indices have slipped over 0.4%.
The market breadth in BSE remains weak with 1,539 shares declining and 1,062 shares advancing.
Further, the wholesale price index-based inflation inched up to 0.11% in December, snapping a six-month easing trend as food costs jumped up year-on-year. Wholesale prices were flat in November.
However, inflation in manufactured products, which has the highest weight of almost 65% in WPI, declined over this period due to low demand and global prices, while fuel prices declined as international crude rates softened, official data released on Wednesday showed.
On the sectoral front, BSE Metal index has slumped by nearly 3% followed by counters like Banks, FMCG, Healthcare, IT, Oil & Gas and Realty, all slipping by nearly 1% each.
Shares of metal companies are under pressure with the National Stock Exchange (NSE) CNX Metal index hits eight-month low as metal prices fell in global markets.
Hindalco Industries, Sesa Sterlite, Tata Steel, JSW Steel, Jindal Saw and Steel Authority of India (SAIL) are down 2-5% on NSE.
Shares of cigarette makers such as ITC, VST Industries and Godfrey Philips are trading lower by over 3% on reports that the government moved to amend the anti-smoking law and proposed radical changes.
Other notable losers are Sun Pharma, GAIL, ICICI Bank, Axis Bank, Tata Power and RIL.
On the gaining side, HUL, BHEL, Bajaj Auto, Infosys and Maruti Suzuki have gained between 1-2.5%.