Benchmark indices traded lower on the worries of increased WPI inflation, which snapped the last two trading session’s gains and closing the market below the psyological mark of 8650 to settle at 8642.55. The wholesale price index- (WPI) based inflation rose by 3.35% in July, up from 1.62% in June, pushed up by food prices such as vegetables and fruits.
Cipla, Adani Ports and BPCL were the top gainers of the day while Infratel, Bosch Ltd and Sun pharma and TECHM were the top losers of the day.
Global Markets Update:
- Asian shares slipped on Tuesday with concerns over the regional growth prospects with the Reserve Bank of Australia depicting uncertainty over forecasts along with a breakout rally of crude oil.
- Airbus and Boeing, the world’s two largest jet makers are reviving for the next round of businesses over billions of dollars of aircraft subsidies, during the accusations made by widening U.S. support for Boeing and constant support of European players to Airbus.
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