India’s inflation print scheduled to release today is expected to experience a marginal increase to 4.89 per cent, according to a Reuters poll of economists. This projection is slightly higher than April’s 4.83 per cent uptick.
The NSE Nifty 50 hit a fresh record high at 23,442, and quoted 150 points higher at 23,420 levels. The BSE benchmark Sensex hit a high of 77,050, and was up 500 points in noon deals.
Tech Mahindra, Tata Motors, HCL Tech, TCS and Powergrid were the top gainers on Sensex, whereas Bharti Airtel, Axis Bank,, ICICI Bank, Asian Paints and Ultratech Cement were among losers.
On Nifty 50 BPCL, Wipro, and LTIMindtree were among the top five leaders while NTPC, Grasim Industries, and Titan led the losses.
Among indices, Nifty IT, Nifty Media and Nifty Oil and Gas shot up by 1.34 per cent, 1.05 per cent and 0.97 per cent, respectively. On the other hand, Nifty FMCG led the sectoral losses down 0.28 per cent.
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