Market edged higher in a range
bound trade as stimulus hopes in China and Japan in the wake of
recent weak economic data offset disappointment from the latest batch
of corporate earnings of India Inc. The Sensex gained 135.09 points
or 0.49% to settle at 27,214.60. The Nifty rose 48.45 points or 0.59%
to settle at 8,238.15.
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The market gained in three out
of five sessions of the week. On the macro front, the latest data
showed acceleration in consumer price inflation in September 2015.
The data, showed that the annual rate of inflation based on monthly
WPI stood at negative 4.54% for September 2015 as compared to
negative 4.95% in August 2015.
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