Share Market Update: Local stock market rapidly rose in retail inflation on Wednesday and BSE Sensex was in profit of 182 points in ups and downing trading, while NSE Nifty strengthened more than 88 points. Retail inflation rate has come to a six -year low of 3.16 in April. This has increased the scope of another cut in the policy rate in the monetary policy review of June for the Reserve Bank of India. Apart from this, there was a positive attitude in the stock market due to softening and reduced global trade tension in the US inflation figures.
According to the official data released on Tuesday, the retail inflation rate has come to a six -year low of 3.16 in April. This has increased the scope of another cut in the policy rate in the monetary policy review of June for the Reserve Bank of India. According to traders, apart from this, there was a positive attitude in the stock market due to softening of inflation figures in the US and reduced global trade tension.
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The BSE Sensex based on thirty stocks closed at 81,330.56 points with a gain of 182.34 points, or 0.22 percent. During the trading, it went up to 81,691.87 points and came down to 80,910.03 points. The Nifty of the National Stock Exchange also closed at 24,666.90 points with a gain of 88.55 points, or 0.36 percent.
The companies included in the Sensex were prominently profitable Tata Motors, Internal, Tech Mahindra, Maruti, Mahindra, Infosys, IndusInd Bank, HCL Tech, Tata Consultancy Services and Bharti Airtel. Telecom company Airtel’s stock rose by one percent. The company’s integrated net advantage was five times in the quarter to Rs 11,022 crore in the quarter ended March 2025.
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On the other hand, the damage shares include Asian Paints, Tata Motors, Kotak Mahindra Bank, NTPC and Powergrid. The rate of retail inflation came down to about six years in April to 3.16 percent due to softening of vegetables, fruits and pulses prices. This has created a sufficient scope for another cut in the repo rate for the Reserve Bank of India in the monetary policy review of June.
According to the official data released on Wednesday, the inflation came down to 13 months low in April to 0.85 percent due to a decrease in food items, manufactured products and fuel prices. Other markets in Asia were in South Korea’s Cupi, China’s Shanghai Composite Index and Hong Kong’s Hangseng, while Nikki in Japan suffered losses.
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Most of the major markets of Europe had a decline in the afternoon business. The American markets were leading on Tuesday. Global oil standard Brent crude fell by 1.13 percent to $ 65.88 per barrel. According to the stock market data, foreign institutional investors sold shares worth Rs 476.86 crore on Tuesday. The Sensex was broken by 1,281.68 points on Tuesday while the Nifty fell by 346.35 points. (Language)
Edited by: Chetan Gour
