Sensex or the index of Indian equities markets on Thursday (16/10/14) was trading flat at 28.24 points or 0.11 percent up as auto stocks gained.
Good buying was observed in auto and IT sectors, while selling pressure was seen in oil and gas and capital goods sectors.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,260.35 points, was trading at 26,377.57 points (at 09.22 a.m.) in the early session, up 28.24 points or 0.11 percent from the previous day’s close at 26,349.33 points.
The Sensex touched a high of 26,377.57 points and a low of 26,248.47 points in the trade so far.
The S&P auto index went up 77.07 points and IT index gained by 59.74 points. However, oil and gas index went down by 65.31 points and capital goods index dropped by 50.29 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was trading 20.35 points or 0.26 percent up at 7,884.35 points.
The marginal slump in markets came after data showed that India’s wholesale price inflation eased to its lowest levels in nearly five years at 2.38 percent during September compared to 3.74 percent in the previous month, aided by a moderation in food and fuel costs.
The wholesale price index (WPI) was at 7.05 percent during the corresponding month of the previous year, according to data released by the ministry of commerce and industry here.
Food prices jumped by 3.52 percent year-on-year during the month under review. The food inflation had increased by 14.03 percent in September, 2013.
On Monday data showed that consumer price index-based inflation at 6.46 percent (provisional) came down to its lowest levels since 2012 during September from 9.84 percent in the corresponding month of last year.
The retail inflation based on Consumer Price Index (CPI) had slowed down to 7.73 percent in August from 7.96 percent in the previous month.
The latest data assumed significance as Reserve Bank of India (RBI) had set a target for CPI inflation at eight percent by January 2015 and six percent by January 2016.
The realty sector was hit a day after the market regulator Securities and Exchange Board of India (SEBI) had banned DLF from accessing the markets. The company’s scrip plunged by 28.46 percent at Rs.104.95.