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Local equities continue upward rally; Sensex above 37,300 mark
India, Aug. 14 -- Local equity benchmarks gave thumbs up to CPI number and are currently trading at the high point of day on the back of buying interest across some blue chip counters. Traders remain energized with government's data which showed that snapping the 6-month rising streak, the retail inflation fell in the month of July despite rise in the food prices. The CPI-based inflation was reduced to 3.15 per cent in the last month. In June 2019, CPI inflation had soared to 3.18 per cent compared to 3.05 per cent in the previous month. Local investors also cheered with commerce ministry's report that India and Russia have called for diversifying and deepening of economic ties in priority sectors to meet the bilateral trade target of $30 b...
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