Sensex in bear grip, Nifty breaks 8150; Oct WPI eases to 3.39%

Epic Update Infosys
Epic Update Infosys

Bears kept tight control over Dalal Street as heavy selling pressure continued for the second consecutive session. All sectoral indices except IT and PSU Bank remained under pressure.

The 30-share BSE Sensex was down 404.96 points or 1.51 percent at 26413.86 and the 50-share NSE Nifty fell 146.95 points or 1.77 percent to 8149.35 while the BSE Midcap and Smallcap indices were down 4-5 percent on weak breadth.

About 9 shares declined for every share rising on the exchange.

WPI inflation fell to 3.39 percent in October against 3.57 percent in previous month.

Infosys, TCS, SBI, Wipro and Dr Reddy’s Labs bucked the trend, rising 1-2 percent whereas Tata Motors, HDFC, Asian Paints, ICICI Bank, Maruti, Adani Ports and Tata Steel were leading contributors to Sensex’s fall, down 2.5-8 percent.
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