The Sensex, which spurted to 20,086.43 in a flash, ended the day with a
small gain of 9.71 points or 0.05% at 19,742.47, nearly 50 points off the day's
low of 19,596.15. The Nifty
index of the National Stock Exchange closed at 5840.55, recording a loss of
10.05 points or 0.17%. The Nifty touched a high of 5957.25 and a low of 5798.15
during the day.
The partially convertible Indian rupee was trading around 62.70 against the greenback when the stock market closed for the day.
According to the data released by the government, the annual rate of inflation, based on the monthly wholesale price index, accelerated to 6.1% in August 2013, from 5.79% in July 2013, due largely to the surge in primary food articles inflation to 18.2% in August 2013 from 11.9% in July 13. Meanwhile, the government revised the rate of WPI inflation for June 2013 to 5.16%, from 4.86% reported earlier.
Build up inflation rate in the financial year so far was 3.91% compared to a build up rate of 4.35% in the corresponding period of the previous year.
Healthcare stocks, particularly Ranbaxy Laboratories, reeled under selling pressure. Realty and information technology stocks were among the other major losers. Metal and capital goods stocks too mostly ended notably lower.
Power, oil, PSU and automobile stocks gave up their gains. FMCG stocks retreated as well, while bank stocks stayed firm right through the session. Midcap and smallcap stocks were mostly subdued past noon.
ICICI Bank ended stronger by over 3%. Bharti Airtel and Maruti Suzuki gained nearly 3%. HDFC Bank moved up 2.3% and Hero Motocorp closed with a gain of 2.1%.
ONGC, NTPC, ITC, Mahindra & Mahindra, HDFC, Hindalco and Jindal Steel & Power gained 0.6% - 1.5%.
The partially convertible Indian rupee was trading around 62.70 against the greenback when the stock market closed for the day.
According to the data released by the government, the annual rate of inflation, based on the monthly wholesale price index, accelerated to 6.1% in August 2013, from 5.79% in July 2013, due largely to the surge in primary food articles inflation to 18.2% in August 2013 from 11.9% in July 13. Meanwhile, the government revised the rate of WPI inflation for June 2013 to 5.16%, from 4.86% reported earlier.
Build up inflation rate in the financial year so far was 3.91% compared to a build up rate of 4.35% in the corresponding period of the previous year.
Healthcare stocks, particularly Ranbaxy Laboratories, reeled under selling pressure. Realty and information technology stocks were among the other major losers. Metal and capital goods stocks too mostly ended notably lower.
Power, oil, PSU and automobile stocks gave up their gains. FMCG stocks retreated as well, while bank stocks stayed firm right through the session. Midcap and smallcap stocks were mostly subdued past noon.
ICICI Bank ended stronger by over 3%. Bharti Airtel and Maruti Suzuki gained nearly 3%. HDFC Bank moved up 2.3% and Hero Motocorp closed with a gain of 2.1%.
ONGC, NTPC, ITC, Mahindra & Mahindra, HDFC, Hindalco and Jindal Steel & Power gained 0.6% - 1.5%.
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Russia`s VTB Group continues to be interested in Essar Steel.
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