The Sensex closed at 62,345.71, up 317.81 points or 0.51%, after rising nearly 1% in Monday’s trading. The Nifty closed at 18,398.85, up 84.05 points or 0.46%, after gaining as much as 1.1% to a high of 18,458.90. Both indices are about 2.7% away from their record 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