Stock market opens in the green despite rising wholesale inflation.
Mumbai, Maharashtra, 17 October: The stock market started Tuesday on a positive note, opening in the green, even as concerns over rising wholesale inflation persisted.
The Sensex opened with a gain of 312.92 points, reaching 66,479.85, while the Nifty also saw an opening gain of 88.85 points, starting at 19,821.10.
The market's optimistic start came amid the release of data showing that India's wholesale inflation, as measured by the Wholesale Price Index (WPI), remained in the deflationary zone for the sixth consecutive month in September, standing at -0.26 per cent.
This marked a rise from the previous month when WPI inflation was -0.52 per cent in August 2023 and significantly lower than the 10.55 per cent recorded in September 2022.
The latest WPI data surprised experts, as...
