Witnessing the wide movement Indian equity market ended the day in negative territory led by declines in ITC on worries the government may ban sale of loose cigarettes, while metal stocks slumped, tracking falls in commodities on global growth concerns. The broad-based index Nifty slumped by 21.85 points and closed at 8,277.55 down 0.26%, while Sensex, loosing 78 points wrapped up the session at 27,346.82 mark down 0.29%.

Jet Airways shares tanked after the carrier said its promoter chairman Naresh Goyal has pledged his entire (51 per cent) shareholding, valued at over Rs 2,600 crore.with state-run Punjab National Bank.

The government reported Wholesale Price Index (WPI) inflation data for the month of December which rose marginally to 0.11% versus 0% in November.

Infosys CEO Vishal Sikka met Prime Minister Narendra Modi and disclosed that his company will spend $250 million (over Rs 1,500 crore) to fund innovations in software and services in India.

Among the sectoral indices CNX Metal was the worst performer plunging -3.49% while CNX IT surged almost 1% after the PM MOdi and Infy chief Vishal Sikka Meeting.

Meanwhile USDINR Pair gained after 5 days downward momentum and ended the day at 62.18 surged by 1.15% or 0.035 paisa.

Market Breath remained negative for the day with 730 shares ended in red, 441 in green and 12 remain unchanged.

Out of 50 stocks of Nifty 20 stocks advanced, 29 declined and 1 remained same as previous close.

Top 5 Nifty Gainers: BHEL (5.17%), HUL (5.16%), ULTRA CEMENT (3.21%), ACC (2.93%) and INFOSYS (1.92%)

Top 5 Nifty Losers: SESA STERLITE (-8.63%), HINDALCO (-6.36%), TATA STEEL (-3.97%), ITC (-3.24%), and BPCL (-2.53%)

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