Share Market Highlights: Nifty settles near 17700, Sensex ends flat ahead of inflation data; RIL leads gains

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended near the day’s high in a highly volatile session with Nifty settling shy of 17,700. The BSE Sensex index closed 130.18 points or 0.22% up at 59,462.78, and the NSE Nifty 50 shut shop 39.20 points or 0.22% higher at 17,698.20. Oil & Gas indices rose 2.5% and Metal and Power added 1.5% each. On the other hand, Pharma index shed 1% and Information Technology (IT) index declined 0.76%. In the broader market, BSE midcap and smallcap indices ended marginally higher. ONGC, Tata Steel, NTPC, UPL and Power Grid Corp were among the major Nifty gainers, while Divis Lab, Apollo Hospitals, Infosys, Maruti Suzuki and Tata Consumer Products were the laggards.

The Ministry of Statistics and Programme Implementation will release the retail inflation figure for July at 5.30 pm today. Headline retail inflation is likely to have cooled in July, led by lower food prices, with prices of certain key items posting a sequential fall, according to economists. In June, the inflation rate measured by the Consumer Price Index (CPI) decelerated to 7.01% from 7.04% in the month of May. Last week, the RBI lowered its inflation forecast for July-September to 7.1% from 7.4% earlier.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 12 August

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