Sensex trades high, takes retail inflation in stride
The Sensex tested the 33,000 level
in opening trade today after some value-buying in select
stocks despite retail inflation rising to 7-month high in
The rupee's modest recovery against the dollar and a
mixed global trend were the other deciders.
Retail or CPI inflation rose to 7-month high of 3.58 per
cent in October, driven up by costlier food items,
The rupee was trading higher by 13 paise to 65.29 against
the American currency at the forex market today.
The 30-share barometer bounced by 81.98 points, or 0.25
per cent, to 33,115.54. Auto, power, consumer durables, FMCG
and realty jumped by up to 0.52 per cent.
The gauge had lost 281 points in the previous session.
The NSE index Nifty too was trading higher by 21.70
points, or 0.21 per cent, at 10,246.65.
The big gainers included NTPC, Reliance Industries, M&M,
Kotak Bank, Maruti Suzuki and Lupin, adding up to 1.61 per
Japan's Nikkei rose 0.27 per cent and Hong Kong's Hang
Seng 0.19 per cent in early trade. China's Shanghai Composite,
however, shed 0.38 per cent.
The US Dow Jones Industrial Average had closed 0.07 per
cent higher yesterday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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