Equity benchmark indices were trading in the negative zone as losses seen in banks, FMCG and auto stocks. The Sensex fell 111 points at 41,348 and the Nifty was trading 30 points at 12,144.
On the macro front, Wholesale Price Index (WPI) inflation rose to 3.1% in January as against 2.59% in the previous month.
Bank Nifty shed over half a percent dragged by IndusInd Bank which shed over 2% led by RBL Bank, State Bank of India, HDFC Bank and Axis Bank.
Yes Bank, Bharti Airtel, UPL, BPCL and HCL Tech among top gainers on the Nifty50.
Shares of Bharti Airtel jumped 5% to a fresh lifetime high of Rs567.40 on the BSE
Engineers India, IndusInd Bank, Jyothy Labs and Punjab National Bank hit a 52-week low on BSE.
The most active stocks on the NSE are Airtel, SBI, Reliance, IndusInd Bank and Tata Motors.Weekly Commodity View: