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Sensex closes in the red on anxiety ahead of IIP, inflation data

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed 11.96 points or 0.05 per cent down at 25,610.21 on Friday.

IANS   Mumbai     Last Updated: September 11, 2015  | 16:09 IST
Sensex closes in the red on anxiety ahead IIP, inflation data
Photo: Reuters

Volatility prevailed ahead of the forthcoming industry output and inflation data leading a barometer index of the Indian equities to end marginally lower by 11 points on Friday, but post first weekly gain in five.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed 11.96 points or 0.05 per cent down at 25,610.21 on Friday.

Volatility was also observed on the wider 50-scrip Nifty of the National Stock Exchange (NSE). It closed marginally up by 1.20 points or 0.02 per cent at 7,789.30 points.

Analysts pointed out that the markets were in line with its Asian peers and that investors remained wary of taking positions ahead of the key industrial output data.

Among Asian markets, Hong Kong's Hang Seng tumbled by 0.14 per cent, Shanghai Composite Index dropped by 0.75 per cent. Japan's Nikkei index was inched-down by 0.19 per cent.

"Broader markets too remain flat with breadth in favour of the advances. Investors remain wary of taking positions before the weekend," Agrawal said.

The IIP data will have a major bearing on the decision of the Reserve Bank of India (RBI) on the next phase of rate cuts during its upcoming monetary policy meet on September 29.

The factory output data which comes with a month's lag - had accelerated to 3.8 per cent in June from 2.7 per cent in the previous month.

Sector-wise, healthy buying was witnessed in information technology (IT), fast moving consumer goods (FMCG) and consumer durables sectors.

However, metals, capital goods and banking stocks came under selling pressure.

 

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