Indian equity market witnessed the volatile session today. Sensex slipped below the 19000 key mark and hits the intraday low of 18969.80. Sensex ended the day at 19041.13 plunging 101.87 points while 50 stocks index Nifty ended at 5760.20 down by 28.60 points.
INR made a sharp recovery against the USD from its low of 58.98 and hits the intraday high of 58.02. INR declined 3.25% in last 3 days.
Meanwhile, the IIP and CPI numbers have raised concerns whether the Reserve Bank of India will cut rates at its meet next week. India's IIP for the month of April grew at 2% as compared to 3.4% in March 2013 and -1.3% in April 2012.
The CPI for the month of May came in at 9.31% versus 9.39% in April. The consumer food price based inflation came in at 10.65% versus 10.61%, month-on-month.
Among the sectoral indices CNX Pharma surged 0.68% while CNX Media plunged by -1.79% followed by CNX IT (-1.72%) and CNX Metal (-1.67%).
Out of 50 stocks of Nifty, 21 stocks advanced and 29 declined.
Top 5 Nifty gainers: Jindal Steel (3.47%), IndusInd Bank (2.96%), JP Associate (2.53%), IDFC (2.04%) and LUPIN (1.97%) were among top gainers.
Top 5 Nifty losers: Reliance Infrastructure (-3.95%), Axis Bank (-3.28%), Coal India (-3.00%), Tata Power (-2.85%) and Tata Steel (-2.76%) were top losers.
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