Inflation data impact on the market, Sensex-Nifty slowed down.

Mumbai, Jan 14 (HS): On Monday, retail inflation figures were released after trading. The effect of these figures on the market was shown on the second trading day of the week i.e. Tuesday. In the early trade, the Sensex dropped 60 points to 41 thousand 800 points, while the Nifty also recorded a drop of 20 points. During this time, the Nifty was trading at a level of 12 thousand 310 points. Earlier on Monday, the Sensex and the Nifty touched an all-time high level.

Sensex and Nifty reached new record levels on Monday, the previous trading day. During the day, the Sensex rose by nearly 300 points to 41,899.63 points. Finally, the Sensex gained 259.97 points, or 0.62 percent, to close at 41,859.69, its new high. Similarly, the National Stock Exchange’s Nifty rose to its highest level of 12,337.75 during the day’s trading. In the end, the Nifty closed at a new record level of 12,329.55 with a gain of 72.75 points or 0.59 percent.

According to the National Statistics Office, retail inflation rose to 7.35 percent in December, while the retail inflation was 5.54 percent in November. Apart from this, food inflation has also registered an increase in the last month of the year, the food inflation rate was 10.01 percent in November, which increased to 14.12 percent in December.