Tuesday market sensex falls 144 points, Nifty falls 43 point. The benchmark sensex opened higher side 22698 against the previous close of 22629. It touched a high 22737 and low of 22416 before closing at 22485.Turnover on BSE was almost flat at Rs.2873 cr against Rs.2849 cr recorded on Friday.
Data released by the government showed that the wholesale price index accelerated in march. The index for industrial production witnessed a contraction in February as manufacturing activity shrunk. On Friday the government said India’s merchandise exports declined for the second month in a row in March. Increase in crude oil prices concerns on current account and fiscal deficits.
FII, who turned net seller in equity, sold shares worth a net Rs 362.29 cr on Friday. The stock market was closed on Monday on account of Ambedkar Jayanti.
Metal and mining stocks edged lower as china’s fresh fell 19% in march from a year earliar. China the world’s largest consumer of copper and aluminium. Most metal and mining stocks such as Tata steel, Sesa sterlite, JSW Steel, SAIL, NMDC, Hind Copper ,Nalco, Hind Zinc, Jindal steel and Power, Hindalco industries were down.
The Major Gainers for the day FRL-18%, United Sprits-12%, Pipavav defence-5%, Tata Comm-4%, TCS-4%, MCX-4% and Wipro-4%. Top losers are Suzlon-7%, DLF-6%, Bank of India-6%, SAIL-5%, Yes Bank-5%, JSW Energy-5%, Adani Enterprices-5% and Hindalco-4%.