Markets remained firm during the week despite trade and geo-political tensions. The Nifty gained in all five trading sessions – the first time since November 2017.
After largely bearish trade during the day, the key Indian equity markets closed higher for the eight straight session on Monday as the WPI inflation softened in March.
Prices of 869 formulations, including antibiotics, cancer and cardiovascular disease treatment drugs and two types of coronary stents, have gone up by 3.44 percent.
Bears ruled roost for the third week in row, this time on rising geopolitical concerns on fear of escalating trade war pulled down the key indices.
Inflation based on wholesale prices eased to a 7-month low of 2.48 per cent in February on cheaper food articles, including vegetables.
Trading sentiment in the stock market this week will be guided by key macroeconomic data like Index of Industrial Production (IIP) and inflation, experts said.
The Indian economy is projected to grow at 6.7 percent in the current financial year and 7.5 percent in 2018-19, economic think-tank NCAER said.
Benchmark Sensex rebounded by over 140 points today on value buying by investors amid encouraging inflation data.
Benchmark indices Sensex and Nifty gained up to 0.42 percent on value buying by investors after recent losses on easing inflation worries and positive global cues.
Inflation based on wholesale prices eased to a six-month low of 2.84% in January on cheaper food articles even as vegetable prices continued to rule high.
Aditya Birla Group May Raise $1 Bn To Repay Regulatory Dues
AB Group To Sell Stake & Promoter Entities Of Co
In Talks With Large PE Funds
Deal Will Let AB Group Maintain Current Shareholding
PE Investors To Get Indirect Stake In Idea
Bags Orders For Rural-Urban Electrification Project
Project worth Rs 3577.93 Cr
Projects under Saubhagya Yojna
Projects to be completed within 15 months
Board Meeting On April 19 To Consider Various Bids Received
CKP Financial Open Offer To Acquire 1.39 Cr Shares Of Co
Offer Represents 25.02% Stake, With Price Of Rs 400/Sh
To make an investment of rs 500 cr in GIFT City
Will develop about 1,000 housing units in GIFT City
Residential footprint rises to 10 cities with investment