17 April Stock Update- Markets down, Nifty slips below 9150 ahead of WPI data

Indian share markets opened Monday, 17 April, 2017, on a flat note with Investors expect the WPI based inflation data. At 10:10 am, the BSE Sensex was trading down 24.41 points at 29,437.04, while the NSE Nifty was trading at 9,138.65, down 12.15 points. The BSE Mid-cap and BSE Small-cap pared early gains to lose 0.1 percent each. The market’s overall health was strong. On the BSE, about 913 shares advanced and 451 shares declined and a total of 76 shares were unchanged. 

Stock of Sun Pharma Ltd fell over 2% on news that the U.S FDA has issued 11 notes as part of audit to its Dadra unit, for U.S supplies, making them the top Sensex loser. Shares of L&T advanced 0.26% after the company announced that its construction unit has won orders of Rs 2, 694 crore across different business segments. It was announced during market hours today. 

Out of the country, Asian stocks were trading lower over crisis in Syria and Russia and worsened worries between the U.S and North Korea spoiled investor’s sentiment. On economic front, the govt will today announce India's monthly inflation data based on wholesale price index (WPI) for March 2017.