<p>Market benchmark Sensex snapped its three-day winning run today after slipping 12 points to end at 28,339 on sell-off in auto and pharma stocks amid muted global cues.<br /><br /></p>.<p>Trading sentiment was dampened by disappointing earnings by bluechips like Tata Motors and Sun Pharma. On the macro front, wholesale inflation in January accelerated to a 30-month high of 5.25 per cent on rising oil prices.<br /><br />The 30-share Sensex, after opening up at 28,386.12, advanced to a high of 28,393.42, but late profit-booking pulled it down to 28,263.45. It finally ended at 28,339.31, showing a moderate loss of 12.31 points or 0.04 per cent.<br /><br />The gauge had gained 61.70 points in the previous three sessions.<br />The 50-share NSE Nifty too broke below the 8,800-mark by falling 12.75 points, or 0.14 per cent, to 8,792.30 after moving between 8,820.45 and 8,772.50.<br /><br />Some strength in the rupee, which recovered to 66.91 (intra-day) against the dollar, helped in restricting losses.<br /><br />"Markets traded today with marginal losses amid volatility. Benchmark indices opened the day in the red and made a few attempts to cross above the flat line, but finally closed with marginal losses," said Karthikraj Lakshmanan, Senior Fund Manager – Equities, BNP Paribas Mutual Fund.<br /><br />WPI inflation accelerated to a 30-month high of 5.25 per cent in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated.<br /><br />However, January retail inflation, announced yesterday, fell to multi-year low of 3.17 per cent in January mainly on account of declining prices of food items including vegetables and pulses.<br /><br />Of the 30-share Sensex pack, 20 scrips ended lower while the remaining 10 firmed up.<br /><br />Auto index suffered the most by falling 1.09 per cent as Tata Motors slumped 3.68 per cent to Rs 486.80 after the company today reported a 96.22 per cent decline in its consolidated net profit at Rs 111.57 crore for the third quarter ended December 31, 2016.<br /><br />Hero MotoCorp too lost 2.02 per cent to Rs 3,161.15, Maruti Suzuki fell 1.37 per cent to Rs 5,940 and Bajaj Auto shed 1.34 per cent to Rs 2,768.75.<br />Foreign investors bought shares worth a net Rs 306.74 crore yesterday, as per provisional data.<br /><br />Globally, other Asian markets dipped after a three-day rally while European markets were mixed in their early session.<br /><br />Investors were on a wait-and-watch mode ahead of Federal Reserve chair Janet Yellen's address to the US Congress.<br /><br />Paris CAC rose 0.02 per cent, while London's FTSE fell 0.13 per cent and Germany's DAX shed 0.07 per cent.<br /></p>
<p>Market benchmark Sensex snapped its three-day winning run today after slipping 12 points to end at 28,339 on sell-off in auto and pharma stocks amid muted global cues.<br /><br /></p>.<p>Trading sentiment was dampened by disappointing earnings by bluechips like Tata Motors and Sun Pharma. On the macro front, wholesale inflation in January accelerated to a 30-month high of 5.25 per cent on rising oil prices.<br /><br />The 30-share Sensex, after opening up at 28,386.12, advanced to a high of 28,393.42, but late profit-booking pulled it down to 28,263.45. It finally ended at 28,339.31, showing a moderate loss of 12.31 points or 0.04 per cent.<br /><br />The gauge had gained 61.70 points in the previous three sessions.<br />The 50-share NSE Nifty too broke below the 8,800-mark by falling 12.75 points, or 0.14 per cent, to 8,792.30 after moving between 8,820.45 and 8,772.50.<br /><br />Some strength in the rupee, which recovered to 66.91 (intra-day) against the dollar, helped in restricting losses.<br /><br />"Markets traded today with marginal losses amid volatility. Benchmark indices opened the day in the red and made a few attempts to cross above the flat line, but finally closed with marginal losses," said Karthikraj Lakshmanan, Senior Fund Manager – Equities, BNP Paribas Mutual Fund.<br /><br />WPI inflation accelerated to a 30-month high of 5.25 per cent in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated.<br /><br />However, January retail inflation, announced yesterday, fell to multi-year low of 3.17 per cent in January mainly on account of declining prices of food items including vegetables and pulses.<br /><br />Of the 30-share Sensex pack, 20 scrips ended lower while the remaining 10 firmed up.<br /><br />Auto index suffered the most by falling 1.09 per cent as Tata Motors slumped 3.68 per cent to Rs 486.80 after the company today reported a 96.22 per cent decline in its consolidated net profit at Rs 111.57 crore for the third quarter ended December 31, 2016.<br /><br />Hero MotoCorp too lost 2.02 per cent to Rs 3,161.15, Maruti Suzuki fell 1.37 per cent to Rs 5,940 and Bajaj Auto shed 1.34 per cent to Rs 2,768.75.<br />Foreign investors bought shares worth a net Rs 306.74 crore yesterday, as per provisional data.<br /><br />Globally, other Asian markets dipped after a three-day rally while European markets were mixed in their early session.<br /><br />Investors were on a wait-and-watch mode ahead of Federal Reserve chair Janet Yellen's address to the US Congress.<br /><br />Paris CAC rose 0.02 per cent, while London's FTSE fell 0.13 per cent and Germany's DAX shed 0.07 per cent.<br /></p>