Economy
Indian Stock Markets Close Lower As Spiking WPI Inflation And Crude Prices Hit Sentiment
The Hindu1h
THE BRIEF
1
Benchmark stock indices Sensex and Nifty closed lower on Wednesday due to profit-taking after previous-session rallies, weighed down by rising wholesale price inflation and firm crude prices.
2
The BSE Sensex declined 251.89 points or 0.34 percent to settle at 72,781.89, while the NSE Nifty dropped 99.25 points or 0.44 percent to end at 22,622.70.
3
India's wholesale price-based inflation rose to 11.39 percent in September from 9.92 percent in August, driven by higher food, manufactured items, and fuel and power prices.