Nifty trades below 9,150 as WPI inflation eases in March

Sun Pharma (down 2%) was the top loser, while Dr Reddy's was the top gainer (up 2%) on Sensex

The benchmark indices on Monday were trading in a range after Wholesale Price Index (WPI)-based inflation eased in March to 5.7% from 6.5% in the previous month, while geopolitical worries after US President Donald Trump dropped the 'mother of all bombs' on IS target in Afghanistan also kept the momentum tepid. 

At 12:16 pm, the S&P BSE Sensex was ruling at 29,416, down 45 points, while the broader Nifty50 was trading at 9,135, down 15 points. 

In the broader market, the S&P BSE Midcap and S&P BSE Smallcap scuttled between gains and losses. 

"Going ahead, we need to keep a