Benchmarks were at day’s highs and around crucial support levels after more than expected decline in inflation lifted market sentiments. Markets continued their northward journey on account sustained buying activity during the previous two hours of trade. Stocks from the aluminium, engineering and cement sectors are leading the pack of gainers while select stocks from energy and steel sectors are trading lower. The overall advance to decline ratio is poised at 1.2:1 on the BSE. Interest rate sensitive sectors were in demand on expectations of a further cut in interest rates.
Wholesale price index rose 6.84 per cent in the 12 months to Dec 6, below the previous week's annual rise of 8 per cent. It was below a median forecast of 7.49 per cent in a poll.
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