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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market indices reversed course and were trading in red on Wednesday, after opening over 300 points up, as March inflation spiked to a 17-month high level. BSE Sensex was hovering around 58,400 levels while Nifty 50 was hovering near 17,500 levels. On BSE Sensex, stocks of Sun Pharmaceutical Industries, Infosys, Bajaj Finance and NTPC were among the top gainers, while HDFC Bank, Titan Company and Asian Paints were among the top losers on the benchmark index.
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.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
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