Sensex, Nifty decline after a climb
Power, consumer durables, IT, technology and FMCG counters witnessed investor caution.
Investors kept their bets on hold today as key indices traded lower ahead of exit poll results of Gujarat election.
Power, consumer durables, IT, technology and FMCG counters witnessed investor caution.
The 30-share BSE index went down 72 points -- 0.22 per cent -- at 32,981.04 at 1212 hours.
The 50-share Nifty too traded lower by 22.50 points, or 0.22 per cent, at 10,170.45.
Wholesale inflation spurted to 3.93 per cent in November, from 3.59 per cent in October, showed government data.
The big loser was TCS 3.52 per cent, along with Wipro and Adani Ports.
Foreign portfolio investors (FPIs) net sold shares worth Rs 578.65 crore yesterday. Even domestic institutional investors (DIIs) offloaded equities to the tune of Rs 116.48 crore.
Asian markets were trading mixed.
US stocks climbed yesterday, with the Dow posting a record closing, after the Federal Reserve hiked interest rates.
Investors also digested the news of Congressional leaders reaching a tentative agreement on a tax overhaul plan.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
12:54 PM IST