Sensex, Nifty close marginally higher as wholesale inflation eases

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The Nifty April 2018 futures traded at 10545.70, a premium of 17.35 points compared with the Nifty's spot closing of 10528.35 in the cash market.

U.S. stocks fell last Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market.

On the NSE, the top gainers were Cipla, Grasim Industries and Lupin, while the top losers were Tata Motors, Infosys and Vedanta.

According to official data released on Monday, India's WPI inflation softened to 2.47 per cent in March from a rise of 2.48 per cent reported for February and an acceleration of 5.11 per cent in the corresponding month of past year.

Key equity indices Nifty50 and Sensex extended their gains for the eighth consecutive session on Monday, the longest winning streak since November 2017, buoyed by gains in the select bank, financial, FMCG, IT and auto stocks.

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At 3.30 p.m., the NSE Nifty50 provisionally closed at 10,528.35 points - up 47.75 points or 0.46 per cent from its previous close.

Besides, reflecting further improvement in the economic situation, industrial production grew by a healthy 7.1 per cent in February while the key retail inflation slipped to a five-month low of 4.28 per cent in March, official data showed on Thursday.

However, towards the middle of the session, revival of buying, spread over a broad front, helped wiping out initial losses and touched the day's high of 34,341.46 before settling higher by 112.78 points, or 0.33 per cent, at 34,305.43. At 9.43 a.m, the Sensex was trading down 109.82 points or 0.32% at 34,082.83 with 15 components falling.

Market breadth was negative with 628 advances against 849 declines.

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