Sensex, Nifty End Higher For Eighth Day

The BSE Senex had gained 1,173.88 points in the previous seven sessions

According to official data released on Monday, India's WPI inflation softened to 2.47 per cent in March from a rise of 2.48 per cent reported for February and an acceleration of 5.11 per cent in the corresponding month of previous year.

Gruh Finance gained 5% after the board also recommended a dividend of Rs3.30 per equity share of face value of Rs2 each for the financial year ended March 31, 2018.

Although, investors appeared slightly cautious amid mixed cues from global markets after a US-led strike on Syrian targets in response to alleged chemical weapons attacks, fuelling fresh geopolitical tensions.

The broader NSE Nifty too struggled before ending well above the 10,500-mark.

The 30-share index fell by 293.31 points, or 0.85 per cent, to 33,899.34 in opening trade.

The index had risen 1,173.88 points in the past seven sessions.

Among BSE sectoral indices, IT index fell the most by 1.03%, followed by TECk 0.9%, oil & gas 0.6% and consumer durables 0.3%.

At 10am, Sensex was down 0.12% at 34,151.86 points, while the Nifty 50 edged down 0.14% to 10,466 points.

The BSE market breadth was bearish with 1,445 declines and 982 advances.

The major gainers on the BSE on Monday so far were Asian Paints, Mahindra and Mahindra, HDFC, Hero MotoCorp and ITC, while Tata Motors (DVR), Tata Motors, Infosys, Tata Steel, ONGC were among the main losers.

On the NSE, the top gainers were Cipla, Grasim Industries and Lupin, while the top losers were Tata Motors, Infosys and Vedanta.

The rupee fell 20 paise against the U.S. dollar in early trade on global trade war concerns, dip in March exports and a sharp drop in domestic equities.

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