Stock Market Today (November 13): Sensex, Nifty Start Cautiously As Investors Track Inflation, Oil Prices, US-Iran Deadlock
\n\nBoth the Nifty and the Sensex began the trading day on a muted note. The Nifty opened lower by over 150 points at 25,209.85 and the Sensex opened lower by over 450 points at 81,833.78. All sectoral indices declined in early trade. The Indian rupee opened flat at 94.04 versus Thursday's close. Crude oil prices remained rangebound with Brent crude trading at 95 dollars per barrel (at the time of filing this copy) as investors remained concerned about the US-Iran deadlock.
\n\nIndia's retail inflation accelerated to 6.09 percent in October, driven by rising food prices and supply disruptions. Economist and Founder of Nikore Associates, Mitali Nikore told Times Now Digital, "retail inflation rose to 6.09 percent in October, crossing 6 percent for the first time in two years. Food inflation remains the biggest driver at 8.94 percent, with onion prices more than doubling and garlic up 61 percent over last year. Consumption was strong during the festive season, with traders estimating Diwali sales at close to Rs 7 lakh crore. However, this momentum is unlikely to last through the quarter. Consumer goods companies…
Original source: https://www.timesnownews.com/business-economy
