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Share Market LIVE: Sensex, Nifty trade lower amid global tensions; WPI inflation at 22-month low

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The Indian headline indices-Sensex and Nifty are trading lower on Friday amid global tensions and liquidity concerns in the NBFC sector on the domestic front. India’s May WPI inflation eased to 2.45 per cent in May, from 3.07 per cent in April, owing to fall in food prices, government’s official data showed on Friday. The wholesale inflation number stands at 22-month low, which is the lowest since July 2017. The CNBC-TV18 poll of analysts had predicted the WPI inflation to be at 3.06 per cent. In May 2018, inflation was recorded at 4.80 per cent. The March WPI inflation was also revised to 3.10 per cent from 3.18 per cent earlier. Wholesale inflation is the rate of rise in wholesale prices and is gauged by Wholesale Price Index (WPI). Today the SGX Nifty lost 28.50 points to end at 11,891.50 level. Currently, while the Sensex is trading 55 points lower at 39,558, down 182 points from the previous close, Nifty is also trading below 11,900 mark.

On BSE, while the major gainers are Power Grid, Vedanta, ONGC, L&T and Tata Steel, the top losers are IndusInd Bank, Kotak Mahindra, Mahindra & Mahindra and Tata Motors. The Indian currency Rupee is trading flat, it had opened at 69.51 per dollar against the previous close of 69.51.