Indian market closes lower on Monday

Indian market closes lower on Monday

India Blooms News Service | @indiablooms | 13 Nov 2017

Mumbai, Nov 13 (IBNS): The Indian market closed lower on Monday largely dragged by a weakening rupee and higher oil prices, according to media reports.

Following selling pressure at the closing hours of the trade, BSE Sensex was down 281 points at 33033.56 while NSE Nifty was down 96.80 points at 10225.00.

The Central government released the Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the month of October 2017 on Monday.

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.

The CPI (Rural, Urban, Combined) on Base 2012=100 is being released for the month of October 2017. In addition to this, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released for October 2017, the departmental release said.

According to reports, retail inflation went up in October this year largely due to increase in vegetable and fuel prices.

The Consumer Price Index (CPI) for October 2017 was reported at 3.58 per cent while it was 4.20 per cent in October 2016.

Top gainers included TCS, M&M, Sun Pharma, Kotak Mahindra, HPCL, UPL and NTPC while Adani Ports, Aurobindo Pharma, ONGC, Idea Cellular, Coal India, BHEL and HDFC declined.

Indian market closes lower on Monday

India Blooms News Service
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