Market today: Nifty eyes gap-up; CPI, Shree Tirupati IPO listing in focus

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Market today: Nifty eyes gap-up; CPI, Shree Tirupati IPO listing in focus - Business Standard

Quick Summary:

Core CPI, excluding volatile food and energy components, rose 0.3 per cent on a monthly basis, exceeding economist expectations for a 0.2 per cent rise.

Meanwhile, Nifty Bank failed to breach its 50 DMA and saw selling pressure from those levels.

Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the US, the world's biggest crude producer.