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Nifty, Sensex rise as retail inflation eases; financials lead gains


By Krishna V KurupREUTERS - Indian shares edged higher on Tuesday, with financials accounting for over half the gains, as easing retail inflation allayed concerns of a rate hike in the near term.India's retail inflation eased to 4.44 percent in February from 5.1 percent in January, but remained above the 4 percent medium-term target of the Reserve Bank of India.Analysts, however, said retail inflation could accelerate to 6 percent by June and may remain at 5 percent to 6 percent in the financial year that begins on April 1, leading to pre-emptive monetary tightening.The broader NSE Nifty was ...

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First Published: Tue, March 13 2018. 11:51 IST