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| A sharp spike in last 30 minutes of trade helped the benchmark indices to finish the session with modest gains. Sensex gained 69 points to close at 17167 while Nifty ended at 5133, up 17 points. It was yet another day of underperformance by broader indices as BSE Mid-cap and Small-cap indices ended with a loss of 0.2% and 0.5% respectively. Annual Food inflation based on wholesale prices stood at 17.81% for the week ended Feb 27 versus 17.87% for the previous week. Fuel inflation accelerated to 11.38% versus 9.59% while primary article inflation rose to 15.08% from 15% a week ago. Hindustan Unilever plunged 4.4% on price war fears as the competitor P & G increased the pack size of its Tide Naturals detergent by 25% without raising the price. European markets as well as US stock indices futures were almost flat ahead of Jobless claims and trade balance data. |
| IT and Teck indices gained the most among the BSE sectoral indices, putting on 1% each. Auto and FMCG indices lost the most, shedding 1% and 0.8% respectively. ABB and Sun Pharma surged 3.1% each, becoming the top gainers among the Nifty stocks while HUL and Idea were the top losers, down 4.4% and 2.1% respectively. BSE advance-decline ratio stood at 1:1.7. |
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