MARKET SUMMARY Indian Markets turned volatile post mid-days WPI data with the Sensex and Nifty ending the day registering losses of 0.76% and 0.78% respectively. Inflation came in at 9.11 % for November as against expectations of 9.02% which exerted downward pressure on markets.
Almost all the BSE sectoral indices closed with negative endings with the BSE Metal Index, BSE Power Index and BSE Realty Index registering losses of 2.16%, 2.09% and 2.42% respectively while only the BSE FMCG index ended flat with a positive bias of 0.23%. Prominent stocks that stood out today included Sun Pharma Inds, ITC and Wipro which logged in gains of 1.78%, 1.27% and 0.71% respectively while others like BPCL , Tata Steel and GAIL (India) finished negative with losses of 4.87% ,4.29% and 4.13% respectively. Asian Markets closed negative earlier today with the Nikkei, Hang Seng and Strait Times registering losses of 0.39%, 0.50% and 0.50%. Most of the European Indices like the CAC and DAX are trading negative 0.99% and 0.45% respectively while the FTSE positive with a gain of 0.72%.