Sensex flat with negative bias; Nifty trades at 10302


Nifty too closed below the psychological mark of 10,200, losing 38.35 points, settling on 10,186.60. 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.

The 30-scrip S&P BSE Sensex, which opened at 33,397.41 points, closed at 33,033.56 points - down 281 points or 0.84 per cent - from Thursday's close.

According to Anand James (Chief Market Strategist) of Geojit Financial Services, the movement in rupee index and the quantum of FII investments could be scrutinised to derive the short term trends in the market.

Analysts say jump in Brent crude price to almost United States dollars 64 has also dented the chances of a rate reduction at the Reserve Bank's December policy meet.

Ryan murder: CBI asks Gurugram cops about probe botch-up
Meanwhile, the accused student has been sent to Faridabad observation home where he will be kept till November 22. CNN-News18 had quoted CBI sources as saying that the police may have also tried to destroy the evidence.

"Global cues were not helping either amid uncertainty over the U.S. tax reform, slowdown in Chinese factory output and growing political issues in the United Kingdom", he added. The other gainers on both the indices were Axis Bank, Reliance Industries, Bajaj Auto and Mahindra and Mahindra.

The loss in BSE capital goods was maximum at 1.41 per cent, followed by telecom, infrastructure and PSU.

Weakness rubbed off on broader markets, with mid-cap and small-cap indices falling by up to 0.22 per cent.

Provisional data with the exchanges showed that foreign institutional investors purchased stocks worth Rs 2,576.98 crore, while domestic institutional investors divested scrips worth Rs 1.30 crore.