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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets opened with gains on Tuesday morning. S&P BSE Sensex rose more than 250 points on the opening bell but was soon seen trading flat with marginal gains,m hovering around 57,250. Nifty 50 index was up 0.20%, holding above 17,200. Bank Nifty was up 0.23% along with broader markets. India VIX, the volatility gauge, was down in red but holding around 19 levels. Bajaj Auto was the top index gainer on Sensex up 1.5%, followed by Bajaj Finserv, Maruti Suzuki India, and Tata Steel. Infosys was again the top laggard, 1.3%, accompanied by HDFC and HDFC Bank.
Inflation worries continue to weigh down on Dalal Street. The wholesale price inflation hit a four-month high of 14.55% in March, data released on Monday showed. The spike in WPI inflation mirrors a broad-based spike in global commodity prices, especially that of oil, in the wake of the Russia-Ukraine crisis. Inflation, both WPI and CPI, have soared sharply. The wholesale inflation reflects the price pressure at the wholesale level to be much more than at the retail level. Analysts worry the rise in inflation will dent India Inc.’s earnings and may force RBI to initiate rate hikes at the next policy meet.
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