Nifty recovers from intraday low but stays below 22,650
Mumbai, Oct. 14 -- The domestic equity benchmarks trimmed losses from the day's lows but continued to trade in negative territory during mid-afternoon deals, aided by value buying at lower levels. Investors tracked the ongoing Q2 earnings season amid concerns over rising wholesale inflation, which accelerated to 11.39% in September. The Nifty 50 traded below 22,650 mark.
Auto shares selling pressure after witnessing buying interest in past three consecutive trading sessions.
At 14:25 IST, the S&P BSE Sensex declined 254.83 points or 0.35% to 72,779.22. The Nifty 50 index fell 101.30 points or 0.45% to 22,620.65.
In the broader market, the Nifty MidCap 150 index rose 0.01%, while the Nifty SmallCap 250 index advanced 0.17%.
Market brea...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.