Sensex Today | Share Market Live Updates: Sensex, Nifty may open higher tracking trends in Gift Nifty

Sensex Today Live: India’s factories power up; food prices fuel retail inflation

Industrial output growth accelerated to a 16-month high of 11.7% in October driven by mining, manufacturing and electricity, and the statistical effect of a low base, while retail inflation in November rose at the fastest pace in three months. 

Meanwhile, consumer price index-based inflation stood at 5.55% in November, up from 4.87% in October and 5.02% in September; the figure is higher than RBI’s target of 4%, but still remains within its tolerance range of 2-6% for the third consecutive month. In November 2022, retail inflation was reported at 5.88%.

Sensex Today Live: Asian stocks mixed amid mild gains in Wall Street

In Asia, stock markets showed mixed performances following subdued activity on Wall Street, as investors awaited the final Federal Reserve decision of the year. This anticipation was heightened by lackluster US inflation figures, which fueled concerns that the Federal Reserve might not be quick to declare a win in its policy efforts. Wall Street experienced a significant surge, reaching its highest level in nearly 23 months, and came close to surpassing its record peak.