Nifty reclaims 18K mark, settles at 8-month high; FPIs pump in Rs 1,956 cr

Sensex less than 2% shy of new lifetime high

The Nifty50 index on Tuesday reclaimed the 18,000 mark after five months, thanks to sustained inflows from foreign portfolio investors (FPIs) and positive global cues. However, global markets lost steam after data showed that US consumer prices remained stubbornly high in August. The data came after the close of the Indian markets.

The US Labour Department repo¬rted that its consumer price index rose 8.3 per cent year-on-year in August, down from 8.5 per cent in July but higher than expected. In the run-up to the release of the data, investors were hoping that inflation would moderate and allow the US Federal