MUMBAI India's core wholesale price inflation index in February was estimated to have risen around 3.15 percent from a year earlier, compared with around 3 percent advance in January, according to a Reuters snap survey of three economists on Friday.
Data earlier showed the broader gauge of wholesale prices-based inflation eased to a lower-than-expected nine-month low of 4.68 percent in February, compared with 5.05 percent in January.
(Reporting by Mumbai market team; Editing by Anand Basu)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read