Sensex extend losses as WPI touched five month high Analysis for Jun 16, 2014

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Indian benchmark indices extend losses as WPI based inflation touched its highest level to a five month high at 6.01 as against 5.2 percent in the month of April-14, driven by higher food and fuel prices. Core Inflation jumped by 40 basis points in May to 3.8 percent versus 3.4 percent in April-14. On the currency front Indian rupee declined by 42 paise compared to 60.18 INR/USD in afternoon trade, the lowest level since May 9.At 12:58PM BSE SENSEX was at 25108.43 down by 119.74 points or by 0.47 per cent and NSE Nifty was at 7495.6 down by 46.5 points or by 0.62 per cent.

The BSE MIDCAP was at 8872.64 down by 63.29 points or by 0.71 per cent, while the BSE SMLCAP was at 9590.2 down by 84.38 points or by 0.87 per cent.

The BSE Sensex touched intraday high of 25268.41 and intraday low of 25063.93, While the NSE Nifty touched intraday high of 7548.6 and intraday low of 7487.55.The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 429.05,+2.94%), Tata Consultancy Services Ltd. (Rs. 2259.30,+2.01%), Infosys Ltd. (Rs. 3245.00,+1.99%), Sun Pharmaceutical Industries Ltd. (Rs. 637.50,+1.53%) and Wipro Ltd. (Rs. 536.25,+1.37%).

The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 1756.75,-3.43%), Larsen & Toubro Ltd. (Rs. 1642.05,-2.59%), Mahindra & Mahindra Ltd. (Rs. 1200.40,-2.37%), Reliance Industries Ltd. (Rs. 1060.35,-2.00%) and Tata Steel Ltd. (Rs. 516.00,-1.85%).Sector WatchIn BSE, BSE_IT index was at 9036.13 up by 140.6 points or by 1.58%. Major gainers were Indian Infotech & Software Ltd. (Rs. 5.88,+5.00%), Tata Consultancy Services Ltd. (Rs. 2259.30,+2.01%), Infosys Ltd. (Rs. 3245.00,+1.99%), Wipro Ltd. (Rs. 536.25,+1.37%) and Hexaware Technologies Ltd. (Rs. 148.30,+1.02%).

In BSE, BSETECk index was at 5086.4 up by 58.14 points or by 1.16%. Major gainers were Indian Infotech & Software Ltd. (Rs. 5.88,+5.00%), Den Networks Ltd. (Rs. 225.65,+3.49%), Dish TV India Ltd. (Rs. 55.85,+3.43%), Tata Consultancy Services Ltd. (Rs. 2259.30,+2.01%) and Infosys Ltd. (Rs. 3245.00,+1.99%).

In BSE, BSE_CGS index was at 15527.46 down by -329.75 points or by -2.08%. Major losers were Suzlon Energy Ltd. (Rs. 31.05,-4.90%), Welspun Corp Ltd. (Rs. 88.00,-3.03%), Siemens Ltd. (Rs. 879.30,-2.71%), Larsen & Toubro Ltd. (Rs. 1642.05,-2.59%) and Crompton Greaves Ltd. (Rs. 193.65,-2.27%).

In BSE, BSE Power index was at 2182.05 down by -39.67 points or by -1.79%. Major losers were NHPC Ltd. (Rs. 26.10,-3.51%), JSW Energy Ltd. (Rs. 73.40,-3.23%), GMR Infrastructure Ltd. (Rs. 32.15,-3.02%), Torrent Power Ltd. (Rs. 154.80,-2.92%) and Siemens Ltd. (Rs. 879.30,-2.71%).

Story first published: Monday, June 16, 2014, 13:48 [IST]
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