WPI inflation today hit a 23-month high of 3.55 per cent in July.
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The 30-share barometer fell 61.55 points or 0.21 per cent to 28,090.85 with IT, teck, consumer durables, capital goods, auto and healthcare trading in the red, falling up to 0.95 per cent. The S&P BSE Sensex swung some 256.45 points between gains and losses in intra-day trade but managed to make some recovery in the last one hour tracking strength in Dow futures.
The barometer index had closed higher by 292.80 points or 1.05 per cent to A28,152.40 points, while the NSE Nifty edged up by 80 points or 0.93 per cent to 8,672.15 points.
Shares of Unitech slumped 16.91 per cent after the real estate firm expressed inability before the Supreme Court to refund money to the home buyers over its two delayed projects in Noida and Gurgaon. Japanese stocks fell by 1.62 per cent as the yen strengthened against the dollar.
Among other Asian markets, Hong Kong’s Hang Seng was up 0.21 per cent while Shanghai Composite Index, shed 0.43 per cent in early trade.
European also edged lower key indices in France, Germany and the United Kingdom down between 0.04 per cent and 0.13 per cent.
TCS stock was the top loser on both the benchmark indices and dipped almost 2 per cent on the bourses.
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The NSE Nifty declined by 25.05 points or 0.28 per cent to 8,647.10. Market remained closed yesterday on account of Independence Day.
