There are fears that retail inflation would remain at an elevated level during the rest of the year limiting the scope for the RBI to further ease the benchmark interest rate

Retail inflation so far has been in the tolerance range of MPC except for breach in July. In June, retail inflation was 6.09 per cent.  At the same time, WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively

Traders said market participants turned cautious ahead of the Supreme Court AGR Case hearing today. Investors will also track the Wholesale Price Index (WPI) data, and trade data scheduled to be released later in the day for further cues.

The RBI in its policy review last week, kept interest rates unchanged and said it sees an upside risk to inflation

India Stock Market Highlights Today: April-June quarterly earnings announcements by Hindalco, NTPC, Glenmark Pharma, Berger Paints, United Breweries, Indian Bank, MRF, Fortis Healthcare, Greenply among others will also set the tone for the stock market today

According to the house economists at BofA Securities India, this high lending rate is the main reason for the steeply falling credit flows, which conversely also point to a deeper GDP contraction, accentuated by the pandemic

Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May

Stock Market LIVE Updates on July 6: HDFC Bank, IndusInd Bank, IT, Bajaj Finance and NTPC were among the top gainers today while HUL and Bajaj Auto were among the losers.

Stock Market in the upcoming week: Besides tracking global cues, investors are also expecting that RBI may unveil more relief measures for some of the stressed sectors of the economy to help them emerge from the bruising impact of the lockdown

Further, foreign fund outflows, weak economic data and currency hitting 76 per dollar mark also kept demand for equities lower as investors focused on risk-averse assets

The Railways has deployed 204 isolation coaches in four states, including 54 at Delhi's Shakurbasti railway station maintenance depot; India's startups are facing a major cash crunch, hints a survey conducted by community social media platform, LocalCircles; New coronavirus cases and hospitalisations in record numbers swept through more U.S. states, including Florida and Texas. Watch this and more on News Blast.Also Read: WPI inflation contracts 3.21% in May

Coronavirus update:  Yesterday, Union Home Minister Amit Shah, while announcing a series of decisions on COVID-19, had said that the Centre would 'double' testing in Delhi in the next two days and subsequently increase it by three times

\"Due to limited information available for the month of April 2020, the provisional figures of May-2020 are compared with final figures of March 2020,\" Department of Promotion of Industry and Internal Trade (DPIIT) said

Stock Market LIVE Updates: IndusInd Bank, followed by Tata Steel, Bajaj Finance, ICICI Bank, Axis Bank, NTPC, SBI, HDFC Bank and SBI were among the top laggards in the Sensex pack. On the other hand, Sun Pharma, Infosys, Nestle India and Asian Paints were among the top gainers

Price indices of fuel and power major group have been computed based on the price data reported from Ministry of Petroleum and Natural Gas, selected public sector undertakings (PSUs), Office of the Coal Controller and Central Electricity Authority

Sensex, Nifty Live News Today: UPL, HUL, Britannia, ICICI Bank and NTPC were among the top performers on Nifty, while Tech Mahindra, HCL Tech, Kotak Bank, Hero MotoCorp and Infosys were among the top losers today.

Sensex, Nifty Live News Today: According to experts, prevailing uncertain market conditions amid the rising cases of the virus and extension of the lockdown period have caused volatility and led to the downfall of broader markets on a global scale.

'Markets will continue to fluctuate based on news coming out regarding the spread of infections and any lifting of lockdown in India,' Vinod Nair, Head of Research, Geojit Financial Services said

Share Market update: Sensex closes 1,941 points or 5.17% lower at 35,634, Nifty falls 5% to 10,451.

Wholesale Price Index: This is highest inflation figure in past eight months as last time wholesale inflation touched 3.1 per cent was in April 2019. Before that, it touched 3.46 per cent in December 2018