Indian benchmark indices end lower on Tuesday
NSE Nifty which touched 8800 levels in the afternoon failed to cling to its gains.
Some of the key stocks that gained o Tuesday were GAIL, Bharti Airtel, Reliance Industries, ONGC, ICICI Bank, Idea Cellular and Eicher Motors while top losers included Tata Motors, Hero Motocorp, HUL, Maruti Suzuki, Bajaj Auto, Tata Motors DVR, BPCL and Zee Entertainment.
Meanwhile, wholesale inflation rose to a 30-month high of 5.25 percent in January largely due to rising global crude oil prices and a spike in domestic fuel cost, even though food prices moderated.
The wholesale price index (WPI) based inflation, reflecting the annual rate of price rise, in December stood at 3.39 percent. In January 2016, the print was (-)1.07 percent, according to media reports.
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