Market Wrap: Sensex, Nifty end in the green; mid, smallcap indices jump over a per cent each
Domestic equity market benchmarks the Sensex and the Nifty ended in the green on Thursday amid broadly positive global cues ahead of the European Central Bank (ECB) interest rate decision.
Moreover, sentiment was underpinned by healthy domestic macro numbers as government data showed wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52 per cent. In July, the WPI inflation was at -1.36 per cent.
The negative rate of inflation in August this year is due to a fall in prices of mineral oils, basic metals, chemical products, textiles and food products as compared to the corresponding month of the previous year, according to the data by the Ministry of Commerce & Industry.
Read more: WPI inflation stays in negative for 5th month at 0.52% in August due to fall in food, chemical prices
Market benchmark Sensex witnessed volatility during the session but the mid and smallcap spaces witnessed robust buying.
Sensex closed 52 points, or 0.08 per cent, higher at 67,519 while the Nifty ended at 20,103.10, up 33 points, or 0.16 per cent.
(More to come)
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Updated: 14 Sep 2023, 03:47 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.