Investors must exercise caution at the current valuation level. There is always a second time when it comes to investing in stock markets!
Led by strong recovery in the manufacturing sector, industry grew at 7.9 per cent in the first six months of the current fiscal compared to 6.2 per cent in the same period last year.
Led by a strong recovery in the manufacturing sector, the industry registered an impressive growth of 7.9% during August 2004 against 5.7% in the same month last year.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
India's industrial output unexpectedly rose 1.2 per cent in May from a year earlier, led by a pick up in manufacturing, government data showed on Tuesday.
Firm equity market failed to restrict the rupee's fall against the dollar
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
There was more good news for the government on the economic front with the industry recording a 6.5 per cent growth for the first 10 months of the current financial year as against 5.7 per cent during the same period of last fiscal.
The IIP growth was 0.6 per cent as against 1.7 per cent in April last year.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Investors lost Rs 2 trillion as Sensex crashed on Tuesday.
Capital goods output registered a steep decline of 16.5 per cent in June
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
It is not a good idea to take the line that since demonetisation happened in the third quarter, everything that happened then was a consequence of that, says Chief Statistician TCA Anant.
The first economic readings to be published in 2015 will be out on Monday, when the government releases industrial output data for November and the consumer price index for December.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
The fall in reserves was due to a sharp fall in foreign currency assets.
Indirect tax revenues rose marginally by 5.6 per cent in the April-October period to over Rs 2.85 lakh crore, mainly on account of increase in service tax and customs collections.
Nifty PSU bank index dropped nearly 2%
The policy statement by the RBI governor is also expected to be upbeat.
The NSE Nifty settled the day 38.85 points or 0.37 per cent lower at 10,500.90 after shuttling between 10,590.55 and 10,456.65, intra-day.
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Reliance Industries, Infosys and Tata Motors were the top contributors
The broader NSE Nifty gained 22 points to 10,480.60
For the entire 2015-16 fiscal, the factory output grew at 2.4 per cent, down from 2.8 per cent in the previous fiscal.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
Investors will keenly watch US Fed meet starting Tuesday
The manufacturing sector, a key indicator of economic activity, grew 10.6 per cent year-on-year in October.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Fourth quarter earnings of blue-chips such as Infosys, TCS, Wipro, RIL and inflation data for March will dictate the trend on the bourses in a holiday-shortened week ahead, experts said.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
There are actually great similarities between the two PM
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances