Sensex, Nifty rise as supply woes lift crude producers

Domestic indices rose on Wednesday as oil and gas explorers rallied on supply concerns, while a red hot inflation reading for March fuelled expectations for an interest rate hike in June. Retail inflation accelerated to near 7% year-on-year in March, its highest in 17 months and above the upper limit of the central bank's tolerance band for a third straight month.

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