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Market turns choppy, trades in loss on inflation fears

Press Trust of India  |  Mumbai 

The market switched direction many times today as the fell into the loss zone, unnerved by a rise in both and

Investors now turned their focus to September quarterly earnings due today.

The 30-share 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.

The broader too traded down by 33.50 points, or 0.33 per cent, at 10,191.45.

Consumer (CPI) jumped to a 7-month high of 3.58 per cent in October, driven by costlier food items, particularly vegetables.

Wholesale (WPI) too spiked to 3.59 per cent in October, from 2.6 per cent in September, official data showed today.

Notable losers include (1.96 per cent), along with PowerGrid, and

Foreign portfolio investors (FPIs) sold worth a net Rs 233.58 crore yesterday, as per provisional data. Domestic institutional investors (DIIs) also sold 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.)

First Published: Tue, November 14 2017. 12:42 IST