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News Details

( 13/06/2018 14:21)
Sensex up 165 pts, Nifty nears 10,900 ahead of US Fed outcome

The key Indian benchmarks are trading higher on Wednesday after retail inflation in May rose to a four-month high on the back of higher fuel prices and a weak rupee.

Asian stocks declined as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic US-North Korea summit.

European markets are mixed. The CAC 40 is higher by 0.18%, while the DAX is leading the FTSE 100 lower. They are down 0.19% and 0.13% respectively.

The Indian rupee weakened to a two-week low against the US dollar.

At 14:06 hours, BSE SENSEX was at 35858.3 up by 165.78 points or by 0.46 % and NSE Nifty was at 10883.8 up by 40.95 points or by 0.38 %.

The BSE Sensex touched intraday high of 35877.41 and intraday low of 35715.96. The NSE Nifty touched intraday high of 10888.9 and intraday low of 10842.65.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2264.00,+3.37%), Tata Consultancy Services Ltd. (Rs. 1827.00,+2.58%), Sun Pharmaceutical Industries Ltd. (Rs. 551.15,+1.97%), Axis Bank Ltd. (Rs. 547.05,+1.91%), State Bank of India (Rs. 288.05,+1.84%), among others.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 567.75,-2.08%), Adani Ports & Special Economic Zone Ltd. (Rs. 384.00,-1.01%), Hindustan Unilever Ltd. (Rs. 1629.00,-0.70%), Oil And Natural Gas Corporation Ltd. (Rs. 170.25,-0.64%), Bharti Airtel Ltd. (Rs. 378.75,-0.60%), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2812, shares advanced were 1422 while 1236 shares declined and 154 were unchanged.

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