The market is still trading in deep red on the back of the inflation figures that touched the 13-year high mark and has crossed the expectations. The strong selling pressure continued across the board mainly led by the Realty, Metal, Oil & Gas and Bank stocks. The BSE Sensex is trading around the 14600 mark and the NSE Nifty in the 4300 mark. The BSE Mid Cap and BSE Small Cap are also trading with deep cut and in line with the benchmark index.

The inflation for the week ended June 7 came at 11.05% as compared to 8.75% a week earlier.

The overall market breadth is negative, as 426 stocks are advancing whereas 2173 stocks that are declining.

ONGC reported the top gainer from the BSE Sensex pack. It is trading higher by (2.75%) at Rs.877 while Hindalco Industries the top loser down by (6.37%) at Rs.158.70.

At 2.31PM BSE Sensex is at 14,661.03 down by 426.95 points and Nifty is at 4,372.60 down by 131.64 points.

The BSE Mid Cap is lower by 179.82 points to 6,050.34 and the Small Cap slipped by 238.22 points to 7,422.19.

The BSE Metal index is the one of the top loser today, trading with a loss of 569.39 points at 14,562.47. The main losers are Hindalco Industries down by (6.37%) at Rs.161, NALCO decreased by (6.20%) at Rs.431 followed by Ispat Industries and Tata Steel declined by (4.91%) and (4.43%) to Rs.27.10 and Rs.779.50.

The most active shares on NSE are Reliance Industries trading at Rs.2153.95 with a total traded quantity of 2686214 shares followed by HDFC Bank trading at Rs.2199.70 with a total traded quantity of 1484400 shares.

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