The Nifty50 started the week with a bullish candle and up move, with muted pace for most of the week was witnessed. It eventually closed higher by 1.34% or 166 points at 18,311 levels.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half