Benchmark indices rebounded, to end over 0.5% higher on Monday, snapping a five-day losing run after weak US inflation data dampened prospects of a rate hike this year, lifting sentiment across global markets. Meanwhile, figures for the Index of Industrial Production (IIP), released by the government on Friday, showed national factory output contracting by 0.1%, a 48-month low, as compared to the 2.7% rise seen in the previous month of May. Back home, investors reacted to July Wholesale Price Index (WPI)-based inflation data, which surged to 1.8% from 0.9% reported in June. Consumer Price Index (CPI)-based inflation data will be released later in the day. The S&P BSE Sensex ended at 31,449, up 235 points while the broader Nifty50 index settled at 9,794, up 83 points.
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