Indian benchmark indices, the Sensex and the Nifty, closed at over four-month high, following global cues as US President Donald Trump and North Korean leader Kim Jong Un successfully concluded negotiations for the complete denuclearisation of Korean peninsula.

Share Market Live

NSE

In what looked a steady day of the trading session, the Sensex gained 209 points to close higher at 35,693 and the Nifty advancing 56 points to 10,843.

Here's what you should know before the opening bell

Due to higher oil prices, the consumer price index (CPI) inflation rate for May 2018 rose to 4.87% against April’s 4.58%, showed a data by the Ministry of Statistics and Programme Implementation.

Retail inflation, measured by the year-on-year change in the CPI, rose sharply to 4.6 percent in April, driven mainly by a significant increase in inflation excluding food and fuel, Reserve Bank of India (RBI) said in its second bi-monthly Monetary Policy Statement (MPC).

Thefuel prices broke the 14-day price cut and remained unchanged for Wednesday. The petrol prices in Mumbai is at Rs 84.26 per litre and the diesel price is at Rs 72.24 per litre in the city.

The finance ministry is drafting an annual return form for the filing of the Goods and Services Tax.

Oil prices dipped after data from the American Petroleum Institute showed a surprise build of 833,000 barrels in US crude stockpiles. Analysts had expected a decline of 2.7 million barrels.

Urjit Patel, the RBI governor, assured the parliamentary panel that the central bank is taking steps to strengthen the banking system.

The telecom minister said the government is serious about equity infusion in MTNL and BSNL.

The US dollar ended higher against the rupee at Rs 67.48 per dollar and the pound sterling finished higher at Rs 90.31 at the close of the Interbank Foreign Exchange (forex) market.

The Federal Reserve is expected to raise the key interest rates by 25 basis points. The Trump-Kim meet helped the global stocks, including the Indian market, to trade positive on Tuesday. Despite all the positive headlines, the Trump-Kim summit did not inspire a risk recovery as it was in line with expectations and still lacks detail.