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Sensex ends flat amidst drop in inflation, firm global cues

Mumbai: Despite tail-end buying amid easing of wholesale inflation to seven-month low and firm global cues, the S&P BSE benchmark Sensex continued to rule weak for the third week in a row. The 30-share index

PTI [ Updated: February 15, 2014 16:15 IST ]
sensex ends flat amidst drop in inflation firm global cues
sensex ends flat amidst drop in inflation firm global cues

Mumbai: Despite tail-end buying amid easing of wholesale inflation to seven-month low and firm global cues, the S&P BSE benchmark Sensex continued to rule weak for the third week in a row.


The 30-share index slipped another 10 points to settle at 20,366.82 this week.

Persistent capital outflows from foreign funds mainly affected the market sentiment. Foreign institutional investors (FIIs) were net sellers of Rs 106.96 crore during the week, including the provisional figure of February 14.

Wholesale-based inflation eased to a seven-month low of 5.05 per cent in January from 6.16 per cent in December.

With industrial output in negative terrain and price rise under control, hopes rose that RBI will cut interest rates soon, said brokers.

Shares of power, metal, FMCG, healthcare and banking sectors declined on profit-booking, while consumer durable, IT and auto scrips firmed up on good buying enquiries.

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