Mumbai, India (BBN) – The Sensex and Nifty ended marginally higher ahead of January inflation data (CPI) later on Monday.
Investors turned cautious after disappointing index of industrial production (IIP) number which contracted by 0.4 per cent in December 2016 and manufacturing growth dipped by 2 per cent, reports The Hindu Business Line.
The 30-share BSE index Sensex ended higher by 17.37 points or 0.06 per cent at 28,351.62 and the 50-share NSE index Nifty closed down by 11.5 points or 0.13 per cent at 8,805.50.
Among BSE sectoral indices, IT index was up 0.86 per cent, followed by TECk 0.67 per cent, power 0.37 per cent and metal 0.31 per cent.
On the other hand, realty index fell the most by 1.13 per cent, consumer durables 1.03 per cent, PSU 0.92 per cent and capital goods 0.51 per cent.
Top five Sensex gainers were M&M (+1.8 per cent), Power Grid (+1.6 per cent), Infosys (+1.6 per cent), HUL (+1.31 per cent) and Wipro (+1.21%), while the major losers were SBI (-1.76 per cent), Maruti (-1.44 per cent), Coal India (-1.23 per cent), Hero MotoCorp (-1.23 per cent) and Lupin (-1.17 per cent).
The dollar rose against the yen on Monday on relief that US President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy.
Asian stocks ticked up, helped by renewed optimism over Trump’s tax reform plans, generally upbeat global economic data and Trump’s change of tack to agree to honour the “one China’’ policy.
BBN/SK/AD