extended gains into second straight day as cooler-than-expected inflation in the US and India fueled risk appetite of investors. Overnight, the US recorded the smallest monthly increase in retail inflation at 7.1 per cent. Back home, India’s wholesale inflation hit a 21-month low of 5.85 per cent on Wednesday.
Against this, the S&P BSE Sensex settled the range-bound trade at 62,678, up 145 points or 0.23 per cent. The NSE Nifty50, meanwhile, shut shop at 18,660, up 52 points or 0.28 per cent.
The broader markets, on the other hand, outperformed the benchmark indices as the BSE MidCap and SmallCap indices advanced 0.59 per cent and 0.68 per cent, respectively.
Sectorally, the Nifty Realty, Metal, IT and Media indices gained over 1 per cent each, followed by Nifty Auto and Pharma indices (up 0.6 per cent each). The Nifty FMCG index was the only loser, down 0.43 per cent.
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