Driving Naari Programme launched in Chandigarh
Mumbai (Maharashtra) [India], The Indian markets ended on high note on Tuesday as Sensex went up 248 points and ended at a record high of 61,872.99 and Nifty rose 74.25 points to 18,403.40.
In terms of broad-based indices, BSE LargeCap surged 0.33 per cent to 7,143 level with ONGC, Powergrid, Gail, ICICI Bank, Hero MotoCo and Dr Reddy’s among the most active stocks.
Wholesale inflation in October came down to 18-month low whereas retail inflation moderated to a three-month low of 6.77 per cent in October from 7.41 per cent the previous month.
The rupee has continued to strengthen in most of the recent sessions against the global benchmark dollar as the US dollar index has weakened substantially. The weakening of the dollar is a positive for other currencies.
The Reserve Bank of India, taking into account the inflation, is planning to review the monetary policy. If the inflation comes in the central bank’s mandated range, the RBI could take a view of not further enhancing repo rate.
