Share market news today | Sensex, Nifty, LIVE Stock Quotes: National indices started the week on a bearish basis, with headline indices and broader markets all ending in the red on Monday. The S&P BSE Sensex closed 1,172 points or 2.01% lower at 57,166 while the NSE Nifty 50 index closed 302 points or 1.73% in the red at 17,173. Volatility soared as that the bears pushed the indices lower. India VIX has surpassed 19 levels. Prior to Tuesday’s trade, SGX Nifty was in the green, suggesting a positive start to the day. Global indices were mixed, however, as Asian stock markets rose in the first few hours of trading despite a negative close on Wall Street.
Inflation concerns continue to weigh on Dalal Street. Wholesale price inflation hit a four-month high of 14.55% in March, data showed Monday. The surge in WPI inflation reflects a generalized spike in global commodity prices, especially oil, following the Russia-Ukraine crisis. Inflation, both WPI and CPI, rose sharply. Wholesale inflation reflects price pressure at the wholesale level which is much higher than at the retail level. Analysts fear rising inflation will hurt India Inc.’s earnings and force RBI to initiate rate hikes at the next policy meeting.
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