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Benchmark indices gained in the morning trade after consumer inflation dipped to a five-year low of 2.12% in May, raising hopes that this will give room to the Reserve Bank of India to cut rates. The gains were however capped as April IIP remained sluggish at 3.1% due to poor show by manufacturing, mining sectors.
The sentiment also remained cautious ahead of the US Federal Reserve’s two-day policy meeting that kicks off later today where they are widely expected to hike the policy rate this time.
At 12:01 pm, the S&P BSE Sensex was trading at 31,196, up
The sentiment also remained cautious ahead of the US Federal Reserve’s two-day policy meeting that kicks off later today where they are widely expected to hike the policy rate this time.
At 12:01 pm, the S&P BSE Sensex was trading at 31,196, up
