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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market indices opened in green on Wednesday despite March inflation spiking to a 17-month high level. BSE Sensex opened at 58,910.74 points, up over 300 points from last session, while Nifty 50 opened at 17,599.90 points, up nearly 70 points. On BSE Sensex, Tata Steel, Bajaj Finance and Bharti Airtel were among the top gainer stocks, while the stocks of Dr Reddy’s Laboratories, Titan Company and Asian Paints were among top losers on the benchmark index. India Vix is down over 4.5 per cent at 17.30 levels.
Retail inflation soared to a 17-month high of 6.95% in the month of March, much above the upper tolerance band of the Reserve Bank of India. This is for the third straight month that inflation has stayed above the RBI’s 2-6% tolerance band. The sharp rise in food prices is seen as a catalyst for the same and now could push the Monetary Policy Committee (MPC) to start the rate hike cycle sooner rather than later.
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