Sensex, Nifty, Midcap trim gains; Feb WPI inflation at -0.9% ~ Market Updates Tips Tricks Recommendations

Monday 14 March 2016

Sensex, Nifty, Midcap trim gains; Feb WPI inflation at -0.9%

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The market trimmed gains in noon trade with the Sensex rising 106.32 points to 24824.31 and the Nifty climbing 32.90 points to 7543.10. The BSE Midcap index gained 0.4 percent and Smallcap rose 0.5 percent.

February Wholesale Price Index inflation remained unchanged at -0.9 percent compared to preceding month but December WPI inflation revised to -1.06 percent from -0.73 percent. ICICI Bank and Tata Motors continued to lead market with more than 3 percent rally.

ITC, Axis Bank, GAIL and Hindalco gained 1-2 percent while Coal India tanked nearly 7 percent on adjustment for dividend. HDFC and HDFC Bank wiped out early gains.

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