Mumbai, Nov 14 (PTI) The market switched direction manytimes today as the Sensex fell into the loss zone, unnerved bya rise in both CPI and WPI inflation.
Investors now turned their focus to September quarterlyearnings due today.
The 30-share BSE index after hovering between 33,126.55and 32.971.78 hit 32,941.78 at 1215 hours, down 91.78 points,or 0.28 per cent.
The broader NSE Nifty too traded down by 33.50 points, or0.33 per cent, at 10,191.45 .
Consumer inflation (CPI) jumped to a 7-month high of 3.58per cent in October, driven by costlier food items,particularly vegetables.
Wholesale inflation (WPI) too spiked to 3.59 per cent inOctober, from 2.6 per cent in September, official data showedtoday.
Notable losers include L&T (1.96 per cent), along withPowerGrid, TCS and Asian Paints.
Foreign portfolio investors (FPIs) sold shares wortha net Rs 233.58 crore yesterday, as per provisional data.
Domestic institutional investors (DIIs) also sold shares wortha net Rs 268.77 crore.
Overseas, Asian markets wobbled as investors waited fordevelopments on the US tax reforms front. PTI PAKARD.
This is unedited, unformatted feed from the Press Trust of India wire.