Nifty Bank on Tuesday ended 217 points lower but closed above 47,000 level ahead of the US CPI data on Tuesday and Fed meeting outcome on Wednesday as profit booking, which began in the previous trading session, continued
The US CPI inflation data (August) showed that the US core CPI inflation m-o-m rose 0.30% versus the forecast of 0.20%, thus registering the first increase in six months, whereas the headline CPI inflation y-o-y was up 3.70% as against the forecast of 3.60%