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The annual wholesale price inflation eased to 11.16 per cent in July from the previous month's 12.07 per cent, helped by lower increase in the cost of fuel and food items, government data showed on Monda
Domestic equity benchmarks started Thursday's session on a strong note amid buying interest in financials and ITC. Power Grid, ITC, Tata Motors, M&M and Hindalco were among top blue-chip performers. On the other hand, Divi's Lab, DRL, Asian Paints, HUL and SBI Life were among top losers.
US inflation data came slightly lower than expected and confirms the Fed thesis that inflation is transitory. The positive response of Dow and S&P to the inflation numbers and the decline in the Dollar index will strengthen the bulls, said an analyst.
LIVE BLOG Economic Times | 26 Jul, 2021 | 08.18PM IST Nifty forms indecisive Spinning Top candle on daily chart. What does it signal for tomorrow's trade? Benchmark indices remained under pressure throughout the day and finally closed lower on Monday. Metals and pharma were in demand but banks and auto dragged the market. However, the broader market remained upbeat. The 30-share pack Sensex declined 123.53 points or 0.23 per cent to close at 52,852.27. The index traded in a range of 320 points. Its broader peer NSE Nifty fell 31.60 points or 0.20 per cent to 15,824.45. ! 07:35 PM 07:07 PM St...
Moneycontrol Pro Weekender | Where are you on India’s wealth ladder? Moneycontrol 7 hours ago Dear Reader, Credit Suisse has for the last decade brought out a Global Wealth Databook, which estimates the total wealth of nations, how it is divided, how many millionaires and billionaires we have and other such data. This year’s edition tells us that the richest 1 percent of Indians own 40.5 percent of the nation’s wealth, the top 5 percent own 61.7 per cent and the top 10 percent have 72.5 percent. Putting it differently, the top 5 percent own more than the other 95 percent combined. Whe...