Markets trade higher today, TCS gains 3%
The markets were trading higher on Wednesday, with the Sensex at 35868.77, up 176.25 points. The Nifty was at 10891.10, up 48.25 points.
Investors has an eye on the Federal Reserve policy decision and what it might indicate about future rate hike rates.
Top software services exporter Tata Consultancy Services (TCS) gained 3% earlier after the company said that its board will consider a proposal for buyback of equity shares of the company.
India’s annual retail inflation accelerated to a four-month high in May, driven by higher fuel prices and a depreciating rupee, and there are concerns that the central bank could raise interest rates again in August. The inflation accelerated in May to 4.87%.