Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices scaled fresh all-time highs on Wednesday’s opening bell. S&P BSE Sensex started trading above 56,000 for the first time ever, gaining 0.43%, while NSE Nifty 50 zoomed to close din on 16,700, gaining more than 0.41%. Bank Nifty was closing in on 36,100. Broader markets traded with gains as midcap and smallcap indices soared higher. HDFC Bank was up 2.5% as the top Sensex gainer, followed by Ultratech Cement, HDFC, Titan, and Power Grid. On the other end of the table, trading with losses were, Infosys, Tata Steel, IndusInd Bank, and ICICI Bank. India VIX traded with losses.
Inflation is expected to stabilise during the rest of the current financial year, following the trajectory anticipated by the central bank, leading bankers at the Reserve Bank of India (RBI) said. “So far, inflation is on track to stay within the trajectory envisaged and it is likely to stabilise during the rest of the year. In our view, this is a credible forward-looking mission statement for the path of inflation,” RBI bankers, including Michael D Patra said in the State of the Economy article in RBI’s August bulletin. Further, the bankers have backed the MPC’s decision to focus on growth and its assessment of recent high inflation prints as a transitory trend. It said that the MPC’s decision to continue with the accommodative stance is backed with all available evidence – mobility, activity, and survey-based.