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BW Businessworld

Sensex Flat After CPI Edges Higher; Sun Pharma Surges

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The BSE Sensex is trading flat after the retail inflation data comes in double-digits, above market expectations, keeping the outlook grim despite six consecutive days of falls.

The Sensex is up 0.16 per cent while the broader Nifty index is up 0.09 per cent.

India's annual consumer price inflation quickened more than expected to 10.09 per cent in October from 9.84 per cent in September, driven by food prices, government data showed on 12 November.

Sun Pharmaceutical Industries Ltd is up 3.37 per cent after its unit, Taro Pharmaceutical Industries Ltd's operating profit beat some analysts estimates, boosting outlook for the company's results later in the day.

Reliance Communications Ltd gained 4.2 per cent after the company's quarterly earnings beat expectations.

However, shares of Tata Global Beverages Ltd fall nearly 6 per cent after its quarterly operating profit of Rs 1.6 billion lagged some analyst estimates. The company reported its earnings after market hours.

(Reuters)