Sensex, Nifty Drift Lower In Early Trade
(RTTNews) - Indian shares followed global peers lower on Wednesday as uncertainty prevailed over U.S.-President-election Trump's policy stance and Fed's policy.
Sentiment was also dented after official data showed India's consumer price inflation accelerated in October to the highest level more than a year amid rising food costs.
Consumer prices surged 6.21 percent on a yearly basis in October, faster than the 5.49 percent rise seen in September. The expected rate was 5.81 percent.
The benchmark S&P/BSE Sensex was down 254 points, or 0.3 percent, at 78,420 in early trade after falling more than 1 percent in the previous session on concerns over FII outflows and disappointment stemming from a weak domestic earnings season.
The broader NSE Nifty index was down 120 points, or half a percent, at 23,762.
Tata Steel, Eicher Motors, Hero Moto Corp, Mahindra & Mahindra and BEL were down 2-3 percent while NTPC rose 1.4 percent and SBI Life added half a percent.
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected
Turkish Central Bank Cuts Key Rates Sharply For Second Time
U.S. Weekly Jobless Claims Unexpectedly Climb To 263,000
U.S. Consumer Prices Climb Slightly More Than Expected In August
Bay Street May Open With Positive Bias; US CPI Data In Focus
FTSE Up Firmly In Positive Territory; Compass Group Rises On Rating Upgrade
