BSE SENSEX and NIFTY traded lower and ended almost flat as investors remained on the edge and eyed the inflation data scheduled to be announced on 16 JULY. Inflation numbers would play a key role to review the monetary policy by Reserve Bank of India and take the final decision accordingly. Experts are expecting June inflation in range of 7.55%-7.8% against the previous month's 7.55% and core inflation in the range 4.9%-5.5% against 4.8% in MAY. Indian rupee outperformed today and appreciated smartly by 63 paise to 55.31 against the US DOLLAR. However TCS, Heromoto Company and banking leader HDFC Bank helped the market to recover while Jindal Steel and Power, Tata Power and SBI traded under pressure.
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