Stock Market Live: Nifty Above 26,000, Sensex Down Over 200 Points; HDFC Bank, M&M, Bharti Airtel Drag
Nifty 50 was trading 70 points lower at 25,977.15, while Sensex fell 238.74 points to 85,028.92 as of 11:50 a.m.
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Stock Market Live: WPI Inflation At -0.32% In November
WPI Inflation at -0.32% versus -1.21% in October.
WPI Core Inflation at 1.5% versus 1.5% In October.
Sept WPI Inflation revised to 0.19% from 0.13% provisional.
Fuel & power Inflation at -2.27% versus -2.55% in October.
Manufactured products inflation at 1.33% versus 1.54% in October.
Primary articles inflation at -2.93% versus -6.18% in October.
Food Inflation at -2.60% versus -5.04% in October.
Sensex, Nifty Today: Stock Market Watch 12 PM
Indian equities were trading lower after snapping its two day winning streak. Nifty fell nearly 0.11% at 26,020 and Sensex fell over 238.74 points at 85,028.92 as of 12 p.m.
Intraday, both Nifty and Sensex fell nearly 0.50%.
Nifty fell 0.55% to 25,904.75.
Sensex was fell 0.50% to 84,840.32.
Broader indices were trading mixed. Nifty Midcap 150 fell 0.28%; Nifty Smallcap 250 was trading 0.19% higher.
Most sectoral indices fell, led by Nifty Auto and Nifty Pharma.
Nifty Bank rose 0.11%, Nifty IT was up 0.17%.
InterGlobe Aviation, SBI, ITC, HUL, Asian Paints were top Nifty gainers.
HDFC Bank, M&M, Bharti Airtel, ONGC, Eicher Motors were top Nifty losers.
Stock Market Live: How Currency Depreciation Impacts Key Sectors
The Indian rupee has slipped to a fresh record low of 90.72 against the US dollar on Monday, underscoring persistent currency pressure and marking the eighth consecutive year of sustained weakness. With the Indian currency under pressure sectors like IT, ancillaries, auto OEMs will be on the gaining side, while OMCs and Aviation will see some pressure.
Read more here.
