The market has lost further grounds after the inflation figures came out today. The Inflation data remained at 42-month high. The inflation for the week ended April 26 showed a margin rise at 7.61% as against 7.57% in the previous week. The strong selling pressure is witnessed in the Oil & Gas and Bank stocks. However, the consumer Durables and FMCG stocks are trading with slightest gain.

The Mid Cap and Small Cap stocks also give up their gains and trading in the negative territory.

The overall market breadth is negative, as 941 stocks are advancing whereas 1688 stocks that are declining.

Bharti Airtel reported the top gainer from the BSE Sensex pack. It is trading higher by (3.37%) at Rs.855.50 while HDFC Bank the top loser down by (3.54%) at Rs.1,455.

At 2.31PM BSE Sensex is at 16,858.16 down by 222.50 points and Nifty is at 5,013.50 down by 68.20 points.

The BSE Mid Cap is lower by 85.26 points to 7,068.17 and the Small Cap slipped by 78.97 points to 8,610.07.
The BSE Oil & Gas index is the top loser trading with a loss of 346.17 points at 11,282.28. The main losers are Reliance Petroleum down by (5.84%) at Rs.185.35, GAIL India decreased by (2.95%) at Rs.409.95 followed by Cairn India and BPCL declined by (2.33%) and (1.58%) to Rs.273 and Rs.379.

The most active shares on NSE are Reliance trading at Rs.2,577.20 with a total traded quantity of 1961492 shares followed by Reliance Petroleum trading at Rs.185.30 with a total traded quantity of 23369245 shares.

Tags: sensex, sensex live