Volatility was witnesses so far during the trading session as key indices once again regained positive
terrain in early afternoon trade. The market breadth, indicating the overall health of the market, turned
negative from positive.
Index heavyweight Reliance Industries gained. Most bank stocks declined on concerns the central bank
may further hike policy rates after the latest data showed consumer price inflation quickened in October.
The market regained positive terrain after opening lower. The Sensex and the Nifty, both, recovered
after hitting their lowest level in nearly five weeks. It alternately hovered between gains and losses in
morning trade. It slipped into the red after hitting fresh intraday high in mid-morning trade. It once
again regained positive terrain in early afternoon trade.
The market breadth, indicating the overall health of the market, was turned negative from positive. On
BSE, 1,010 shares fell and 942 shares rose. A total of 131 shares were unchanged.
Bank stocks mostly declined on concerns the central bank may further hike policy rates after the latest
data showed consumer price inflation quickened in October. ICICI Bank dropped 0.64%. HDFC Bank
declined 1.46%.
State Bank of India rose 0.47% in volatile trade ahead of its Q2 results today.
At present SENSEX trading at 20322.65 up by 40.74 and NIFTY trading at 6020.35 up by 2.30.
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