Sensex, Nifty close marginally higher as wholesale inflation eases

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The flagship Sensex during the session swung both ways -nearly 408 points - on hectic selling and buying activity by participants.

The BSE benchmark Sensex fell almost 300 points to crack below the 34,000-mark today amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,944.73 points, traded at 34,147.31 points (12.58 p.m.) - down 45.34 points or 0.13 per cent from its previous session's close.

European markets ended in the green on Friday with the FTSE closing 0.09% higher, CAC ended up 0.11% while the DAX managed to end 0.22% higher.

SGX Nifty is now trading in the red down 50 points at 10,452. Intra-day, it hovered between 10,396.35 and 10,540.15.

In Fridays' trading session, FII's sold 399 crores stock in the cash market whereas DII's bought 306 crores worth of stock.

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Tata Motors Ltd shares declined over 2% after a news report said that Jaguar Land Rover is planning to cut almost 1,000 jobs as it scales back production at some of its United Kingdom sites.

On the other hand, Cipla (1.80%), Mahindra & Mahindra (0.87%), Adani Ports and Special Economic Zone (0.84%), ITC (0.81%), Larsen & Toubro (0.69%), and Kotak Mahindra Bank (0.64%) were the biggest gainers in the Sensex.

RIl 0.17 per cent, Bharti Airtel 0.16 per cent, Wipro 0.15 per cent and Coal India 0.09 per cent.

The broader markets too continued to rule firm as investors were seen enlarging their bets, lifting the small-cap index by 0.56 per cent and mid-cap index by 0.34 per cent.

Major Asian markets are trading mixed, Nikkei is up 0.21%, Hang Seng is down 1.02% while Shanghai Composite is trading 0.56% lower.

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