The market does not seem to be out of the slumber mode. The
Sensex is down 67.88 points at 27282.80, and the Nifty is down 16.85 points at
8207.25. About 1035 shares have advanced, 1585 shares declined, and 109 shares
are unchanged.
HDFC is still up 4 percent while Coal India, ONGC, Hero
MotoCorp and Sun Pharma are top gainers in the Sensex. TCS, Sesa Sterlite,
Cipla, GAIL and Infosys are among the laggards. Wholesale price inflation hit a
zero level in November, the lowest in about five and half years, on account of
decline in prices of food, fuel and manufactured items. The Wholesale Price
Index (WPI) based inflation was at 1.77 percent in October and 7.52 per cent in
November 2013. As per data released by the government today, the food inflation
fell to nearly three year low of 0.63 percent. Food inflation is on decline
since May. This is probably the first time when WPI inflation has hit exact
zero level.
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