Sensex, Nifty Reach All-Time High As Inflation Cools Off
NDTV
Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank's comfort zone of below 6 per cent, according to government data released on Wednesday.
Equity benchmark indices Sensex and Nifty hit their fresh record levels today after lower inflation numbers raised hopes of an interest rate cut by the RBI.
Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said.
Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank's comfort zone of below 6 per cent, according to government data released on Wednesday.