INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Indian equity benchmarks Sensex and Nifty opened with tepid gains but managed to edge higher as the session progressed shrugging
off weak macroeconomic numbers.
India's retail inflation rose to a three-month high of 2.57 per cent in February from 2.05 per cent last
month on the back of a modest spike in food and fuel prices
Another set of data showed the country's industrial production slipped to 1.7 per cent in January 2019 from 2.4 per cent in December
2018.
The Indian rupee came under pressure following a rise in global crude oil prices and weak macroeconomic prints
The domestic unit opened almost flat at 69.69 against the US dollar
Oil prices climbed on tightening global supply after a Saudi official said the kingdom plans to cut oil exports in April, while the US
government reduced its forecast for domestic crude output growth, Reuters said
Around 10.00 am, the BSE Sensex was 84 points, or 0.24 per cent, up at 37,625, while the Nifty index was at 11,317, up 16 points or 0.14
per cent.
BSE Midcap and Smallcap indices traded flat at that time
HCL Tech, Hindustan Unilever, HDFC Bank, Bajaj Auto and Sun Pharma were among the top gainers in the Sensex index.
On the other hand, ONGC,
Vedanta, Coal India, Kotak Mahindra Bank and Tata Motors were among the top losers.
Telecom, metal, oil gas and power indices slipped in
Consumer durables, IT, FMCG and pharma indices were up with mild gains
Meanwhile, foreign portfolio investors (FPIs) bought Rs 2,477.72 crore worth of domestic stocks on Tuesday, data available with NSE
DIIs were net sellers to the tune of Rs 990.48 crore, data suggested
