Sensex choppy, rupee gains further; June WPI inflation at 1.62%

Epic Research Update : Indian Rupee

Epic Research Update : Indian Rupee

Equity benchmarks gained some strength amid volatility while the broader markets continued to outperform with the BSE Midcap and Smallcap indices rising 0.2 percent and 0.65 percent, respectively.

The 30-share BSE Sensex was up 52.77 points at 27867.95 and the Nifty gained 18.15 points at 8537.65. The market breadth remained strong as about 1433 shares advanced against 944 declining shares on the Bombay Stock Exchange.

Wholesale price index inflation increased to 1.62 percent in June against 0.79 percent in May, which was higher than forecast of 1.15 percent.

The Indian rupee gained further in noon trade, up 13 paise to 66.91 a dollar.

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