New Delhi: After the ongoing inflation in the US market, once again the situation is being created for the Federal Reserve to reduce the interest rates. As a result, Wall Street indices have jumped overnight. Following upbeat global sentiments, Asian indices also moved up. On the contrary, Indian indices declined due to losses in most sectors of the market. Indian domestic indices declined. BSE Metal has tried to rise. On the other hand, the stocks of Information Technology and Capital Goods have pulled down.
At 10:20 am, the BSE Sensex fell 0.38% to 59,728. At the same time, Nifty reached the level of 17,784 with a decline of 50 points by 0.41%. Tata Steel, Mahindra & Mahindra, IndusInd Bank have been the top gainers on Sensex today. Whereas HCL Technology, Wipro, Larsen and Turbo have been market draggers today. BSE Smallcap index outperformed the major indices. Shares of HIL Ltd have been the top gainer on BSE Smallcap today. Today this stock gained 7%. On the other hand, heavy purchases were seen in Sunflag Iron and Steel Company and IRCON International Limited. India’s headline retail inflation declined for the third month in a row in December, while the country’s industrial growth slowed to 7.1% in November, the Ministry of Statistics and Program Implementation reported.
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