Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty started Tuesday’s trading session in the red following weaker cues from Asian peers on Tuesday morning. S&P BSE Sensex was down close to 50 points on opening bell while the Nifty 50 looked to give up the 11,900 mark but managed to stay above it. Ultratech Cement and Bharti Airtel were the two top gainers on Sensex while ICICI Bank, IndusInd Bank were the top drags, followed by Axis Bank, SBI, HDFC, and HDFC Bank. The Supreme Court is set to hear the loan moratorium case today. India VIX was up over 1% on opening, sitting above 21 levels.
The Consumer Price Index (CPI) inflation reached an eight-month high of 7.34% in September. “The rise in inflation was due to broad-based increases in food prices, while core inflation stayed sticky,” said Rahul Bajoria, Chief India Economist, Barclays. Along with this, the Index of Industrial Production (IIP) declined 8%, the six consecutive month of negative growth. However, analysts believe that there has been improvement in IIP data. Care Rating said that the negative growth is likely to continue in September but the degree of contraction will be sharply lower ahead of the festive season demand.
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