The key equity indices traded with minor gains in early-afternoon trade. The Nifty hovered above the 25,400 level. Media, PSU bank and auto shares declined while consumer durables, IT and private bank stocks advanced.

At 13:28 IST, the barometer index, the S&P BSE Sensex advanced 90.87 points or 0.11% to 83,079.65. The Nifty 50 index rose 38.65 points or 0.15% to 25,422.40.

In the broader market, the S&P BSE Mid-Cap index fell 0.01% and the S&P BSE Small-Cap index shed 0.40%.

The market breadth was weak. On the BSE, 1,582 shares rose and 2,298 shares fell. A total of 114 shares were unchanged.

Also read | Rupee rises 5 paise to 83.87 against US dollar during early trade

Economy:

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.31% (Provisional) for the month of August, 2024 (over August, 2023). Positive rate of inflation in August, 2024 is primarily due to increase in prices of food articles, processed food products, other manufacturing, manufacture of textiles and manufacture of machinery & equipment etc. However, this is the lowest WPI inflation in last four months.

Gainers & Losers:

Hero Motocorp (up 2.95%), Bajaj Auto (up 1.93%), Britannia Industries (up 1.68%), Bharti Airtel(up 1.50%) and NTPC(up 1.05%) were major Nifty gainers.

Tata Motors (down 2.39%), Bharat Petroleum Corporation (down 1.12%), Eicher Motors (down 1.11%), Asian Paints (down 0.85%) and Maruti Suzuki India (down 0.84%) were major Nifty losers.

For more such updates, click here.