Retail inflation accelerates to 7.59% in January; economists, bankers say RBI to be in hold mode in April
The sharp spike in food inflation has led January CPI to breach a six-year high of 7.59 percent compared to 7.35 percent seen in December
January IIP at 1.7%: Why a consistent downward trend in factory output data over last few months is worrying
The IIP trend over last 6-8 months would perhaps put pressure on the Monetary Policy Committee to go for a sharper rate cut as early as in April to support growth.
After a volatile session, the 30-share index settled 156.28 points, or 0.43 percent, down at 35,853.56, while the broader NSE Nifty fell 57.35 points, or 0.53 percent, to finish at 10,737.60.
While the inflation forecasts have been coming down which gives an indication that they expect price increases to moderate, there is skepticism on core CPI inflation.
Sensex was quoting 155.14 points, or 0.44 percent higher at 35,313.69 points. The gauge had lost over 79 points on Friday.
Rupee breaks 3-day recovery trend; falls 36 paise to 73.93 against dollar in early trade on rising crude prices
A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee.
Inflation hits 5 month high, IIP at 7-month low: Why the twin shocks present a tough dilemma to the MPC
In an election year, when growth is on a slippery note, the RBI will face pressure to cut rates. But, if inflation continues to rise, rate hikes will be inevitable
Sensex soars over 400 points to hit record high of 36,679, Nifty crosses 11,000-mark; RIL shares surge 5%
Banking stocks were the biggest sectoral gainers led by Bank of Baroda (BoB) rising up to 2 percent followed by State Bank of India (SBI), Yes Bank, ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank.
: One can argue that institutions, and not individuals, are important. But, the absence of a chief statistician and a CEA will worry economists, especially in an election year
Sensex, Nifty scale new peaks on positive IIP data, earnings; realty, banking and power stocks trade in green
Reflecting the bullish mood, all the sectoral indices at Sensex, led by realty, banking and power were trading in the positive zone
Rising inflation, falling growth: Narendra Modi’s real test begins when crude gains pace on upward journey
Higher crude prices may have its impact on global food and commodity prices as well, which may have cascading effect on the Indian economy as well.
Sensex had tumbled 794.08 points in the previous four sessions hit by sliding global sharers due to stand-off between the US and North Korea
Brokers said market sentiment took a hit after IIP data, which was released after trading hours on Friday, showed industrial output slipping to the negative territory again with a contraction of 1.9 percent in October, mainly due to sharp decline in production of capital goods and poor performance of the manufacturing sector
Sinking to its lowest level in over 4 months, benchmark Sensex today crashed about 699 points, its biggest single-day fall since February 11, to drop below the key 27,000-level on sustained foreign fund outflows combined with weakening trend globally.
The mounting skepticism from world’s largest economy and a financial sector giant that manages billions of dollars worth investments worldwide should ring a warning bell to PM Modi
In previous two trading sessions, the Sensex dropped nearly 400 points, taking a breather after the sharp run-up in recent weeks
The focus of the government is on easier policies besides incentives to various entrepreneurs including FDI
Despite the strong IIP number and slightly better retail inflation, RBI may not cut rates to spur growth just yet. Remaining on pause for a little longer may be the best bet for now.
The next set of corporate earnings and factory output data will be key triggers for stock markets in this week, say experts.
Describing the 2.4 percent industrial growth rate in January as an indication of "very good turnaround", Planning Commission Deputy Chairman Montek Singh Ahluwalia said growth would show improvement in subsequent months.