Benchmarks end higher on softening retail inflation
India, Sept. 15 -- Indian equity benchmarks traded in green throughout the session and ended over half a percent higher on Tuesday, as positive cues from global markets and hopes of an early vaccine kept the mood sanguine. Markets opened on strong note as the government data showed the country's annual retail inflation eased slightly in August, against expectations. India's retail inflation in August of 6.69 percent was lower than the 6.73 percent recorded in July, but it remained above the upper end of the Reserve Bank of India's (RBI) medium-term target for the fifth straight month. However, markets soon trimmed most of gains in late morning session, as traders turned wary with S&P Global Ratings stating that India's Gross Domestic Produc...
To read the full article or to get the complete feed from this publication, please Contact Us