India’s whoelsale price index based Inflation remained elevated at 15.18 per cent in June even as it eased from 15.88 per cent in the previous month. On Thursday, the US reported a 41-year high retail inflation at 9.1 per cent for June.
Among stocks, Tata Metaliks tanked 6 per cent on reportina 99 per cent decline in its net profits. Its margins dropped to 3.5 per cent from over 25 per cent a year ago.
Sanofi India rose over 4 per cent. The company will consider a special dividend on July 26.