Share Market LIVE: Nifty claims 16,700, eyes 16,850 target, Sensex at 56,100 on F&O expiry; HDFC Bank up 2.5%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices BSE Sensex and Nifty 50 scaled fresh all-time highs on Wednesday, each day of weekly F&O expiry. S&P BSE Sensex started trading above 56,000 for the primary time ever, while NSE Nifty 50 was nearing 16,700. Bank Nifty was closing in on 36,100. Broader markets traded with gains as midcap and smallcap indices soared higher. HDFC Bank was up 2.5% because the top Sensex gainer, followed by Ultratech Cement, HDFC, Titan, and power system . On the opposite end of the table, trading with losses were, Infosys, Tata Steel, IndusInd Bank, and ICICI Bank. India VIX traded with losses.

Inflation is predicted to stabilise during the remainder of the present fiscal year , following the trajectory anticipated by the financial institution , leading bankers at the Federal Reserve Bank of India (RBI) said. “So far, inflation is on target to remain within the trajectory envisaged and it’s likely to stabilise during the remainder of the year. In our view, this is often a reputable forward-looking mission statement for the trail of inflation,” RBI bankers, including Michael D Patra said within the State of the Economy article in RBI’s August bulletin.

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