Sensex, Nifty close marginally higher as wholesale inflation eases

BK Business Desk/Mumbai
April 17, 2018 BUSINESS 191 Views

Following the announcement of wholesale price inflation numbers, the market indices ended marginally higher on Monday .
The BSE’s Sensex ended 112 .78 points higher at 34,305 .43, while Nifty edged marginally above 10,500 to trade at 10,528 .35 .
Shares of Cipla, Grasim Industries and UPL rallied up to 5 percent, while those of Wipro, SBI, Tech Mahindra and Bharti Airtel traded under pressure .
Furthermore, Infosys ended with a loss of 3 percent after lowering EBIT margin guidance for FY19, reported Moneycontrol .
India’s annual WPI inflation eased to a nine-month low of 2 .47 percent in March, owing to a fall in prices of vegetables and other food and beverages .
Meanwhile, the buildup inflation rate in the financial year so far was 2 .47 percent, compared to a build-up rate of 5 .11 percent in the corresponding period of the previous year, the Ministry of Commerce and Industry revealed on Monday . (ANI)

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