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Sensex, Nifty tumble soon after opening in Green amid downside risk to growth and upside to inflation

New Delhi: Markets opened in green on Wednesday as the Indian equity benchmarks attempted a recovery following consecutive declines, but soon declined as the selling pressure continued. The BSE SENSEX opened at 74,809.68 points, up by 250.44 points or 0.34 per cent. Similarly, the NSE NIFTY 50 started at 23,460.20 points, gaining 80.65 points or […]

US annual consumer inflation posts largest gain in three years as prices increase broadly

New Delhi: U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections. The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in […]
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