Investors cautious ahead of inflation nos, Sensex down 14 pts
The BSE benchmark Sensex today closed about 14 points lower as gains in realty, pharma, banking shares were overshadowed by losses in consumer durables, IT, and oil&gas counters amid investors adopting caution ahead of a slew of economic data later this week.
The Bombay Stock Exchange 30-share barometer was choppy for most of the session, trading in a narrow range of over 115 points. It finally concluded at 19,409.69 – a loss of 14.41 points or 0.07 per cent. However, the NSE 50-issue S&P CNX Nifty inched up by 1.50 points to end at 5,908.90.
"This week will involve some heavy number crunching as different data sets hit the headlines. IIP and CPI data on December 12, WPI data on December 14 and import export data on December 15 are some of the key figures to be closely tracked by investors," said Amar Ambani, Head of Research, IIFL.
With the FDI in retail out of the way, activity in the Banking Bill, FCRA Bill, pension front are most likely to boost sentiments now, said brokers.
Fall in the heavyweights, including TCS, RIL, ICICI Bank, Bharti Airtel, L&T and Infosys, mainly weighed on the Sensex while HDFC, which was the top gainer in the pack with a rise of 3.15 per cent, cushioned the index's fall to some extent.
Banking stocks saw some activity on hopes the legislation on sectoral reforms would be passed during the current session of Parliament, said traders.
Although Asian markets closed better, European markets
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