The wholesale price index based annual rate of inflation is at a yearly high at 6.68 per cent for the week wended March 15 over 5.92 per cent in the previous week. It stood at 6.56 per cent for the week ended March 17, 2007.The increase was driven by an across the board appreciation of primary article prices, fuels and manufacturing products. Among food products, which rose 0.5 per cent over the previous week, rapeseed, mustard oil, maida, atta, gur and khansari rose over the previous week.The highest increase was contributed by the index for basic metals. Alloys and metal products group which rose a significant 4.4 per cent due to higher prices of items like joist and rolls, bright bars, angles, channels and sections. The government also revised the inflation rate for the week ended January 19, 2008 to 4.45 per cent as compared with 3.03 per cent reported earlier.
Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
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