Benchmark indices traded bullish as investors saw Prime Minister Narendra Modi’s landslide victory in the Uttar Pradesh as an indication of him winning a second term in office in Lok Sabha elections 2019. Inflation based on wholesale prices shot up to 39-month high of 6.55% in February because of costlier food and fuel items. The Wholesale Price Index based inflation, reflecting the annual rate of price rise, in January was at 5.25%. Nifty ended the session to close at 9098.30.
Realty shares were the top gainers for the day while metal shares were the losers of the day.
Global Markets Update
Japan’s Toshiba Corp failed to submit audited third-quarter earnings for a second time on Tuesday, gaining a one month extension as its expands a probe into problems at its U.S. nuclear unit Westinghouse.
Asian shares were mixed on Tuesday with data out of China supporting Shanghai and Tokyo lower after more troubles with Toshiba.
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