Subdued trade continues at D-Street; Aug WPI inflation hits 2-yr high 14/09/2016 13:46

Subdued trade continues at D-Street; Aug WPI inflation hits 2-yr high
14/09/2016 13:46

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Indian equity benchmarks continued to trade in a narrow range during the afternoon session on Wednesday on disappointing macroeconomic data and tracking weak cues from fellow Asian peers amid worries that global central banks turning less accommodative.

At 1:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,344.52, down by 9.02 points or 0.03 per cent while the NSE Nifty was at 8,717.8, up by 2.2 points or 0.03 per cent.

Markets saw selling pressure mainly in the IT, metal, healthcare and auto sector stocks.

Meanwhile, Wholesale inflation in August rose to a 2-year high of 3.74 per cent as pulses and manufactured items showed uptick in prices even as vegetable prices witnessed some moderation.

On the global front, Asian markets were red tracking an overnight slump from Wall Street as investors braced for the prospect of less global monetary stimulus.