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Sensex gains 300 points, Nifty near 10600 after WPI inflation eases

Gold Silver Reports – Sensex gains 300 points, Nifty near 10600 after WPI inflation eases – BSE Sensex trades higher in opening trade on Thursday against the previous session’s closing. The broader Nifty also rose in the morning hours. The Indian rupee strengthened against the US dollar, tracking gains in the Asian currencies market. Traders will watch for the Wholesale Price Inflation data due after 12pm. According to Bloomberg estimates, WPI will be at 3.2% for January from 3.58% a month ago. Here are the latest updates from the markets.

Read More: Bank Nifty India – Above 25625 Buy on Dips Target 25780—26030

Market Report

BSE Sensex traded higher by 313.72 points, or 0.92%, to 34,469.67, while the Nifty 50 rose 86 points, or 0.82%, to 10,586.90. All the sectoral indices on BSE, except consumer durables, traded higher led by metal, which was up 1.79%, IT 1.22% and Bankex 1.11%. BSE MidCap was up 0.33%, whereas SmallCap fell 0.06%.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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