Easing inflation data lifts equity market; record low rupee limits gains (Lead)
Tuesday - August 14, 2018 1:30 pm ,
Category : BUSINESS
Mumbai Aug 14 (IANS) Easing wholesale inflation lifted the key Indian equity indices on Tuesday with the benchmark S&P BSE Sensex rising over 200 points.
According to market observers healthy buying activity was witnessed in banking auto and IT stocks.
India s annual rate of inflation based on wholesale prices eased to 5.09 per cent in July from a rise of 5.77 per cent in June official data showed here on Tuesday.
However weakness in the Indian rupee limited the gains on the indices. The rupee on Tuesday touched an all-time low of 70.08 per dollar.
At 12.54 p.m. the wider Nifty 50 traded at 11 432.85 points higher by 77.10 points or 0.68 per cent from the previous close.
The 30-scrip BSE Sensex which had opened at 37 749.59 points traded at 37 873.28 points higher by 228.38 points or 0.61 per cent from the previous close of 37 644.90 points.
It has touched an intra-day high 37 911.69 points and a low of 37 689.71 points so far.
The top gainers on the Sensex were Axis Bank Reliance Industries Yes Bank Sun Pharma and Hindustan Unilever while the major losers were Adani Ports Vedanta NTPC Bharti Airtel and Tata Motors (DVR).
--IANS rrb-rv/in
According to market observers healthy buying activity was witnessed in banking auto and IT stocks.
India s annual rate of inflation based on wholesale prices eased to 5.09 per cent in July from a rise of 5.77 per cent in June official data showed here on Tuesday.
However weakness in the Indian rupee limited the gains on the indices. The rupee on Tuesday touched an all-time low of 70.08 per dollar.
At 12.54 p.m. the wider Nifty 50 traded at 11 432.85 points higher by 77.10 points or 0.68 per cent from the previous close.
The 30-scrip BSE Sensex which had opened at 37 749.59 points traded at 37 873.28 points higher by 228.38 points or 0.61 per cent from the previous close of 37 644.90 points.
It has touched an intra-day high 37 911.69 points and a low of 37 689.71 points so far.
The top gainers on the Sensex were Axis Bank Reliance Industries Yes Bank Sun Pharma and Hindustan Unilever while the major losers were Adani Ports Vedanta NTPC Bharti Airtel and Tata Motors (DVR).
--IANS rrb-rv/in
