Markets continued to trade in the negative zone on account of heavy selling action seen across bluechip stocks.
The benchmark indices had opened positive but in not time fell into the red zone because of mixed signals from the Asian markets.
Some buying was seen in the metal sector but other indices were under selling pressure. Auto stocks seemed to be losing the most along with consumer durables and realty stocks.
BSE Midcap and Smallcap index fell 0.51% and 0.57% respectively.
For the week ended Jan 24, 2009, India’s benchmark wholesale price index (WPI), inflation declined to 5.07%, as against 5.64% a week ago mainly because of declining costs of fruit and vegetables and manufactured goods.