Inflation at 7.57% versus 7.33% for the week ended April 19, it is at a 42-month high, reports NDTV Profit. NDTV Poll estimated inflation figure to be at 7.38%. Inflation number for April 23 has been revised to 5.69% versus 5.02%
The market has digested the inflation numbers with ease and moved on. Sensex is trading at 17533, up 246 points and Nifty is at 5221, up 55 points from the previous close. The CNX Midcaps index is up 1.05% and BSE Smallcaps index is up 0.68%. The market breadth is positive with advances at 810 against declines of 401 on the NSE.
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