WPI Inflation rose 7.5% in November, SENSEX and NIFTY ends at Red

The 5 share index Nifty closed near intraday support level 6150 led by profit booking in oil and gas, auto and FMCG sectors. Market slipped in fifth consecutive session. However Midcap and Small cap stocks are slightly gained. BSE Midcap index closed above 0.3% while small cap index closed above 0.4%.

Jindal steel, Sunpharma, M&M, Bharti Airtel and Reliance industries shares dropped 3.2-2% while SSLT, Infosys, Tata Power, Axis Bank, power Grid, Coal India and Wipro gained 4.5-1.2%.

WPI inflation rose to 7.52% in November Vs 7% in October the inflation is highest since September 2012. The Central Bank is expected to hike interest rate by 25 basis points at its next meet to control inflation.