[ad_1]
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Dalal Street continued its up-move on Monday’s opening bell. S&P BSE Sensex opened more than 600 points or 1.2% higher, breaching 53,300 levels while NSE Nifty 50 index was up 190 points or 1.21% just shy of 15,900. Bank Nifty was also up with gains, crossing 34,000 and India VIX regained 21 levels. Broader markets followed the up-move. Tech Mahindra was the top Sensex gainer, up 3.47%, followed by HCL Technologies, Infosys, and Larsen & Toubro. Nestle India was the only Sensex stock in red with minor losses.
The battle with inflation could be a prolonged one, according to deputy RBI governor Michael Patra. On Friday, Patra said that retail inflation will likely get back to the mid-point of the Reserve Bank of India’s (RBI) medium-term target of 2-6% in two years, given the raft of measures initiated by the monetary and fiscal authorities. Retail inflation slipped to 7.04% in May from a 95-month high of 7.79% in April this year. The fall in inflation came as price pressure across core and food products moderated, partly aided by a somewhat conducive base. Earlier this month, MPC noted that inflation is likely to remain elevated for the first three quarters of the current financial year and projected inflation for the year at 6.7%.
[ad_2]
Source link