logo
  

Sensex, Nifty End Range-bound Session Higher

Indian shares ended a range-bound session slightly higher on Tuesday as investors reacted to mixed global cues and the latest retail and wholesale inflation readings.

Global cues were mixed as investors awaited U.S inflation data for more clues on the health of the world's largest economy and when the Federal Reserve could start rolling back easy credit and other stimulus.

On the macroeconomic front, India's inflation slowed in August, defying expectations for stability, while the wholesale price inflation accelerated unexpectedly in the month after slowing in the previous month, separate reports showed.

The benchmark 30-share BSE Sensex ended the session up 69.33 points, or 0.12 percent, at 58,247.09, while the broader NSE Nifty index rose 24.70 points, or 0.14 percent, to settle at 17,380.

Tata Motors, Adani Ports, Hero MotoCorp, HCL Technologies and IndusInd Bank climbed 2-4 percent in the Nifty pack, while Nestle India, BPCL, HDFC and UltaTech Cement all fell over 1 percent.

Zee Entertainment Enterprises shares jumped as much as 40 percent after top investors of the company sought the removal of its chief executive officer Punit Goenka from the board.

Vodafone Idea shares rallied 10 percent after banks led by SBI have called on the government to give the debt-laden company more time to clear its dues.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT