Indian stocks start fresh week in green; August inflation data in focus

Updated:1 year, 2 months ago

New Delhi, Sept 12 (ANI): Indian stocks extended their gains for the third straight session and started the fresh week in the green on September 12. Prior to last Thursday, the benchmark indices - Sensex and Nifty - fell for two sessions on the likelihood of aggressive rate hikes in the US to fight inflation as indicated by the US Federal Reserve. At 9.25 am, Sensex traded at 59,983.29 points, up 190.15 points or 0.32 per cent, whereas Nifty traded at 17,895.80 points, up 62.45 points or 0.35 per cent. “The most important bullish factor that has caused and is sustaining India's market outperformance is the strong growth recovery underway in India now,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. For fresh cues, all eyes will be on retail inflation data for August, which will be released by the National Statistical Office this evening at 5.30 pm. India's retail inflation fell to 6.71 per cent in July, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data.

Top Videos

Updated:2 months, 2 weeks ago

G20 शिखर सम्मेलन में 'कोणार्क मंदिर का अरुण स्तंभ' इसलिए किया गया है स्थापित, जानें

Updated:3 months ago

“Fingers crossed” Indian community in US conducts prayers as Chandrayaan-3 prepares for moon landing

Updated:3 months ago

“Most important country in the world for me” What US President Joe Biden told US Ambassador to India

Updated:3 months, 4 weeks ago

Semicon India Conference: ‘India’s time to shine’ as top semicon giants announce massive investment

Updated:4 months, 2 weeks ago

Kota Railway Station का होगा कायाकल्प, यात्रियों को मिलेंगी World Class सुविधाएं

Updated:5 months ago

India’s road network covers 1.45 lakh Km with 59 pc growth in last 9 years; second longest in World

Indian stocks start fresh week in green; August inflation data in focus

Top Videos

Related Video

RBI keeps policy repo rate unchanged as inflation softens

Indian markets start flat during Monday morning trade

Akash Ambani briefs PM on shortly-to-be-launched 5G services

Rupee movement orderly against USD; depreciated only 7.4 pc this FY: RBI Governor

Indian markets open in negative territory during morning trade

Indices on Indian markets snap 6-day losing streak in early trade

Rupee depreciates to new lifetime low; stocks decline for sixth day

Indian stocks rise after fourth straight day of sharp slump

Indian stocks fall on US Fed's rate hike move; Rupee depreciates to new low

Indian stocks open with minor fall; investors glued to US Fed outcome

Indian stocks rise sharply defying US Fed rate hike worries

Indian stocks decline for 4th straight day; US Fed meet in focus

India stocks bearish for 3rd day over monetary policy tightening worries

Indian stocks largely steady in early trade

Indian stocks slump snapping 4-day gains on elevated US inflation

Indian stocks gain for 4th straight session, Sensex still above 60,000 pts

Indian stocks start fresh week in green; August inflation data in focus

Indian stocks gain for second straight day on global cues

Snapping two-day losses, Indian stocks rise in early trade

Indian stocks decline in early trade on likely further rate hikes in US