Indian shares slip due to high inflation record in November

Gulf Today Report

Indian shares slumped on Tuesday when data revealed its retail inflation print for last month was more than the central bank’s recommended limit.

According to the government data, the retail inflation slipped to 6.93% from its two months 7%.

The blue-chip NSE Nifty 50 index fell 0.26% to 13,522.55 and the benchmark S&P BSE Sensex slid 0.29% to 46,120.44. 

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ICICI Bank and conglomerate Reliance Industries fell 0.8% and 0.6%, respectively, they led the Nifty 50 fall.

Kotak Mahindra Bank was among the Nifty 50 lead, rising 0.3%.