The benchmark index, BSE Sensex, opened negatively on Friday (Sep 05) at 14,569.01 after losing 330 points triggered by worldwide indications and lower oil.

For the week ended on August 23, inflationary data declined for the second time in a row to 12.34%, as compared to 12.40% during the previous week because of fall in the prices of primary goods.

Oil prices closed at their lowest level in five months on Thursday as a lower-than-expected fall in US gasoline supplies gave traders more reason to think that a cooling economy is pulling Americans to drive less.

Stock market analyst Vishwas Agarwal said that BSE above 14,786 level is a safety mark for trading but lower than this level some limitation and undecided movement will rule the stock market.

Mr. Agarwal also said that declining crude prices and failing inflationary data will bring encouraging signals in the market in the coming months.

“At present Nuclear Suppliers Group (NSG) is a big issue as it is a matter of 45 nations who will decide the fate of Indo- US nuke deal. If they pass this deal then automatically these 45 countries will exchange cooperation in various sectors with India, electrifying the growth of the country,” he added.